Plan Ledger DOL Form 5500 · updated monthly

Tetracore, Inc.401(k)

TETRACORE, INC. 401K PLAN · ROCKVILLE, MD · plan year 2023

Reported admin expense ratio · 2023
0.05%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

Tetracore, Inc. reported $11,478 in plan administrative expenses for 2023: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,887 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.04% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 583rd-largest of 1,671 plans among Maryland employers on file, and the 5,006th of 11,654 in professional & technical services. In 2023, employees put in $1.31 for every $1.00 the employer contributed; active participation has shrunk from 147 to 117 since 2022.

Plan summary
Net assets, end of year$23,356,065
Participants with balances168
Active participants117
Employer contributions$1,039,722
Employee contributions$1,366,819
Employer contribution per active participant$8,887
Average account balance$139,024
Benefits paid to participants$2,530,563
Plan auditUnmodified (clean) audit opinion
AuditorRUBINO & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$23.0M · 104 accts · $379K emplr
2023$23.4M · 168 accts · $1.0M emplr
2022$19.7M · 151 accts · $958K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$450
Investment management$11,028
Total administrative$11,478
The Tetracore, Inc. 401(k) match · 2023
Employer contribution per active participant$8,887
Median for plans this size$2,440
2024$5,271 per active participant
2023$8,887 per active participant
2022$6,516 per active participant

Tetracore, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$11,028
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$450

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$4,157 · 0.02%
2023$11,478 · 0.05%
2022$9,204 · 0.04%
Similar plansProfessional & Technical Services · Maryland
Huntress Labs Incorporated MD$23.6M · 0.28%
Spatial Front, Inc. MD$23.5M · 0.12%
Clearedge IT Solutions, LLC MD$23.5M · 0.38%
Marketbridge, Inc. MD$23.4M · 0.47%
Cybercore Technologies, LLC MD$23.2M · 0.15%
Fearless Solutions, LLC MD$23.0M · 0.48%
Dataprise, LLC MD$22.9M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522112478 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.