Plan Ledger DOL Form 5500 · updated monthly

Thomas Edison Charter School401(k)

TECS 401(K) PROFIT SHARING PLAN · NORTH LOGAN, UT · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Thomas Edison Charter School reported $36,449 in plan administrative expenses for 2024: 0.41% of average plan assets, below the peer median. Employer contributions averaged $6,854 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 3 years on file its reported administrative ratio has held roughly steady near 0.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Utah (465th of 848), and 2,125th of 3,091 in educational services. In 2024, the employer put in $2.74 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$9,844,802
Participants with balances145
Active participants92
Employer contributions$630,540
Employee contributions$230,006
Employer contribution per active participant$6,854
Average account balance$67,895
Benefits paid to participants$139,548
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 145 accts · $631K emplr
2023$8.1M · 141 accts · $590K emplr
2022$6.6M · 137 accts · $413K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,172
Investment management$18,277
Total administrative$36,449
The Thomas Edison Charter School 401(k) match · 2024
Employer contribution per active participant$6,854
Median for plans this size$1,313
2024$6,854 per active participant
2023$6,417 per active participant
2022$4,745 per active participant

Thomas Edison Charter School's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$18,172
ALLEGIS/ADAMS WEALTH ADVISORS · Investment advisory (participants) · Investment advisory (plan)$18,277

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$36,449 · 0.41%
2023$30,108 · 0.41%
2022$26,143 · 0.42%
Similar plansEducational Services · Utah
Providence Hall UT$11.6M · 0.64%
Ameritech College LLC UT$11.4M · 1.07%
The McGillis School UT$10.0M · 0.15%
Nightingale College, LLC UT$8.5M · 0.92%
Spectrum Academy UT$8.0M · 0.91%
Career Step, LLC UT$6.7M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870673250 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.