Plan Ledger DOL Form 5500 · updated monthly

Three Wire Systems, LLC401(k)

THREE WIRE SYSTEMS, LLC 401(K) PLAN · TYSONS, VA · plan year 2023

Reported admin expense ratio · 2023
0.79%

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

Three Wire Systems, LLC reported $61,186 in plan administrative expenses for 2023: 0.79% of average plan assets, above the peer median. Employer contributions averaged $1,315 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 0.731%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,553rd of 2,266), and 8,454th of 11,654 in professional & technical services. In 2023, employees put in $3.56 for every $1.00 the employer contributed; active participation has grown from 162 to 223 since 2022.

Plan summary
Net assets, end of year$8,624,257
Participants with balances258
Active participants223
Employer contributions$293,193
Employee contributions$1,043,594
Employer contribution per active participant$1,315
Average account balance$33,427
Benefits paid to participants$916,231
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 245 accts
2023$8.6M · 258 accts · $293K emplr
2022$6.8M · 188 accts · $257K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$61,186
Total administrative$61,186
The Three Wire Systems, LLC 401(k) match · 2023
Employer contribution per active participant$1,315
Median for plans this size$1,308
2023$1,315 per active participant
2022$1,584 per active participant

Three Wire Systems, LLC's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$61,186
NFP RETIREMENT INC. · Investment advisory (plan)indirect comp

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$61,890 · 0.73%
2023$61,186 · 0.79%
2022$52,464 · 0.73%
Same employer
Similar plansProfessional & Technical Services · Virginia
Afg Group Inc VA$8.7M · 0.54%
Maconit, Inc. VA$8.7M · 0.63%
Legal Aid Justice Center VA$8.6M · 0.02%
Addx Corporation VA$8.4M · 0.01%
Gstek, Inc. VA$8.4M · 1.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205208324 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.