Plan Ledger DOL Form 5500 · updated monthly

Thales USA, Inc.401(k)

THALES INCENTIVE 401(K) SAVINGS PLAN · ARLINGTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Thales USA, Inc. reported $673,120 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $7,665 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 rose from 0.03% to 0.05%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other wholesale trade employers. By assets it is the 32nd-largest of 2,266 plans among Virginia employers on file, and the 35th of 4,246 in wholesale trade. In 2024, employees put in $1.29 for every $1.00 the employer contributed; active participation has grown from 3,700 to 4,907 since 2022.

Plan summary
Net assets, end of year$1,596,672,778
Participants with balances7,370
Active participants4,907
Employer contributions$37,610,396
Employee contributions$48,678,326
Employer contribution per active participant$7,665
Average account balance$216,645
Benefits paid to participants$107,356,710
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.6B · 7,370 accts · $37.6M emplr
2023$1.3B · 6,649 accts · $35.4M emplr
2022$1.1B · 6,400 accts · $31.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$469,417
Investment management$163,053
Audit (IQPA)$28,050
Total administrative$673,120
The Thales USA, Inc. 401(k) match · 2024
Employer contribution per active participant$7,665
Median for plans this size$5,259
2024$7,665 per active participant
2023$8,716 per active participant
2022$8,493 per active participant

Thales USA, Inc.'s 2024 employer contribution ran above the $5,259 median for plans its size. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$482,088
CLEARSTEAD ADVISORS, LLC · Investment advisory (plan)$163,053
PICKETT, CHANEY & MCMULLEN LLP · Accounting / audit$28,050
THOMPSON HINE · Legal$12,600

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$673,120 · 0.05%
2023$494,720 · 0.04%
2022$357,639 · 0.03%
Same employer
Similar plansWholesale Trade · Virginia
Ferguson Enterprises, LLC VA$3.6B · 0.04%
Owens & Minor, Inc. VA$993.5M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060938363 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.