Plan Ledger DOL Form 5500 · updated monthly

Tsp Institute, Inc.401(k)

TSP INSTITUTE, INC. 401(K) PLAN · ST. PETERSBURG, FL · plan year 2024

Reported admin expense ratio · 2024
2.06%

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

Tsp Institute, Inc. reported $71,151 in plan administrative expenses for 2024: 2.06% of average plan assets, higher than ~90% of peers. Employer contributions averaged $613 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 1.73% to 2.06%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Florida (2,790th of 3,644), and 2,554th of 3,341 in other services. In 2024, employees put in $3.89 for every $1.00 the employer contributed; active participation has grown from 158 to 175 since 2022.

Plan summary
Net assets, end of year$3,519,445
Participants with balances227
Active participants175
Employer contributions$107,302
Employee contributions$417,924
Employer contribution per active participant$613
Average account balance$15,504
Benefits paid to participants$830,619
Plan auditUnmodified (clean) audit opinion
AuditorWEGMANN DAZET & COMPANY, APC
Plan history3
Yearassets · accounts · employer contribution
2024$3.5M · 227 accts · $107K emplr
2023$3.4M · 325 accts · $91K emplr
2022$3.1M · 204 accts · $69K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,022
Investment management$16,249
Audit (IQPA)$18,880
Total administrative$71,151
The Tsp Institute, Inc. 401(k) match · 2024
Employer contribution per active participant$613
Median for plans this size$1,313
2024$613 per active participant
2023$532 per active participant
2022$434 per active participant

Tsp Institute, 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 · 20245
WEGMANN DAZET & CO · Accounting / audit$18,880
FREEGULLIVER · Investment advisory (plan)$14,409
FIDUCIARY CONSULTING GROUP INC · Plan administrator · Named fiduciary$7,937
EMPOWER ADVISORY GROUP, LLC · Investment management$1,840

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$71,151 · 2.06%
2023$47,242 · 1.46%
2022$55,281 · 1.73%
Same employer
Similar plansOther Services · Florida
Parc, Inc. FL$4.3M · 0.03%
Children's Home Network FL$3.7M · 0.71%
A.R.M. 401(K) Plan FL$3.2M · 1.08%
John Paul USA FL$3.1M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850487541 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.