Plan Ledger DOL Form 5500 · updated monthly

Thomas Gallaway Corporation dba Technologent401(k)

TECHNOLOGENT 401(K) PLAN · IRVINE, CA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Thomas Gallaway Corporation dba Technologent reported $69,004 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $420 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 0.07% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 2,482nd-largest of 9,483 plans among California employers on file, and the 3,847th of 11,654 in professional & technical services. In 2024, employees put in $26.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,257,507
Participants with balances293
Active participants279
Employer contributions$117,065
Employee contributions$3,130,188
Employer contribution per active participant$420
Average account balance$113,507
Benefits paid to participants$1,234,312
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.3M · 293 accts · $117K emplr
2023$27.1M · 279 accts · $109K emplr
2022$20.8M · 305 accts · $100K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,004
Total administrative$69,004
The Thomas Gallaway Corporation dba Technologent 401(k) match · 2024
Employer contribution per active participant$420
Median for plans this size$2,416
2024$420 per active participant
2023$401 per active participant
2022$380 per active participant

Thomas Gallaway Corporation dba Technologent's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20244
LINCOLN NATIONAL CORPORATION · Accounting / audit$64,504
GLOBAL RETIREMENT PARTNERS, LLC · Investment advisory (plan)$30,509
PRICEKUBEKA, PLLC · Accounting / audit$9,661
PENSION PROFESSIONALS, INC. · Contract administrator$7,546

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$69,004 · 0.23%
2023$56,746 · 0.24%
2022$14,264 · 0.07%
Same employer
Similar plansProfessional & Technical Services · California
View, Inc. CA$33.9M · 0.16%
Hueston Hennigan LLP CA$33.8M · 0.14%
Poshmark, Inc. CA$33.4M · 0.02%
Buffini & Company, Inc. CA$33.2M · 0.07%
Imperative Care, Inc. CA$33.1M · 0.04%
Nna Services, LLC CA$33.1M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043589773 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.