Plan Ledger DOL Form 5500 · updated monthly

Tse Industries, Inc.401(k)

TSE INDUSTRIES, INC. PROFIT SHARING/401(K) PLAN · CLEARWATER, FL · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Tse Industries, Inc. reported $32,881 in plan administrative expenses for 2024: 0.49% 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 fell from 0.62% to 0.49%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (2,159th of 3,644), and 10,170th of 13,661 in manufacturing. In 2024, employees put in $6.65 for every $1.00 the employer contributed; active participation has shrunk from 261 to 225 since 2022.

Plan summary
Net assets, end of year$7,007,337
Participants with balances241
Active participants225
Employer contributions$94,527
Employee contributions$628,872
Employer contribution per active participant$420
Average account balance$29,076
Benefits paid to participants$1,056,723
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 241 accts · $95K emplr
2023$6.5M · 293 accts · $102K emplr
2022$5.9M · 298 accts · $117K emplr
The Tse Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$420
Median for plans this size$1,313
2024$420 per active participant
2023$434 per active participant
2022$448 per active participant

Tse Industries, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
LPL FINANCIAL · Investment advisory (plan)$16,314
PENSERVCO, INC. · Contract administrator$6,080

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$32,881 · 0.49%
2023$34,284 · 0.55%
2022$38,969 · 0.62%
Same employer
Similar plansManufacturing · Florida
03 USA, Inc. FL$7.0M · 0.63%
Lidworks, Co. FL$6.9M · 0.72%
Viva 5, LLC dba Growve FL$6.9M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591089552 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.