Plan Ledger DOL Form 5500 · updated monthly

Tritech Communications, Inc401(k)

TRITECH COMMUNICATIONS, INC. 401(K) PLAN · GARDEN CITY, NY · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Tritech Communications, Inc reported $101,077 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,168 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 0.527%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 2,496th-largest of 5,648 plans among New York employers on file, and the 1,987th of 5,337 in construction. In 2024, employees put in $8.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,489,079
Participants with balances279
Active participants218
Employer contributions$254,528
Employee contributions$2,082,840
Employer contribution per active participant$1,168
Average account balance$73,438
Benefits paid to participants$2,724,970
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.5M · 279 accts · $255K emplr
2023$17.8M · 268 accts · $203K emplr
2022$14.5M · 250 accts · $197K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,696
Investment management$45,381
Total administrative$101,077
The Tritech Communications, Inc 401(k) match · 2024
Employer contribution per active participant$1,168
Median for plans this size$2,416
2024$1,168 per active participant
2023$943 per active participant
2022$945 per active participant

Tritech Communications, Inc'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$55,696
CLOVERHILL CAPITAL MANAGEMENT LLC · Investment advisory (plan)$45,381

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$101,077 · 0.53%
2023$81,576 · 0.50%
2022$81,333 · 0.53%
Same employer
Similar plansConstruction · New York
Douglaston Companies I LLC NY$21.5M · 0.30%
Purcell Construction Corp. NY$19.8M · 0.44%
Villager Construction, Inc. NY$19.7M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 412034971 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.