Plan Ledger DOL Form 5500 · updated monthly

Transystems Corporation401(k)

TRANSYSTEMS CORPORATION 401(K) PLAN · KANSAS CITY, MO · plan year 2023

Reported admin expense ratio · 2023
0.15%

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

Transystems Corporation reported $342,074 in plan administrative expenses for 2023: 0.15% of average plan assets, above the peer median. Employer contributions averaged $3,275 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 0.15% to 0.36%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other professional & technical services employers. By assets it is the 94th-largest of 1,393 plans among Missouri employers on file, and the 662nd of 11,654 in professional & technical services. In 2023, employees put in $2.74 for every $1.00 the employer contributed; active participation has grown from 1,436 to 1,832 since 2022.

Plan summary
Net assets, end of year$252,038,982
Participants with balances2,128
Active participants1,832
Employer contributions$6,000,426
Employee contributions$16,458,977
Employer contribution per active participant$3,275
Average account balance$118,439
Benefits paid to participants$16,812,153
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25K · $4.2M emplr
2023$252.0M · 2,128 accts · $6.0M emplr
2022$192.7M · 1,806 accts · $4.2M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$222,960
Investment management$103,514
Audit (IQPA)$15,600
Total administrative$342,074
The Transystems Corporation 401(k) match · 2023
Employer contribution per active participant$3,275
Median for plans this size$3,659
2024$36,449 per active participant
2023$3,275 per active participant
2022$2,894 per active participant

Transystems Corporation's 2023 employer contribution ran below the $3,659 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 · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$222,960
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$103,514
STAMBAUGH NESS · Accounting / audit$15,600

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$448,613 · 0.36%
2023$342,074 · 0.15%
2022$261,692 · 0.15%
All plans at this employer2
TRANSYSTEMS CORPORATION 401(K) PLAN401(k)
TRANSYSTEMS CORPORATION EMPLOYEE STOCK OWNERSHIP FUND AND TRUSTProfit-sharing plan
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 430839725 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.