Plan Ledger DOL Form 5500 · updated monthly

Tsrc, Inc.401(k)

TSRC, INC. SAVINGS & INVESTMENT PLAN · ASHLAND, VA · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Tsrc, Inc. reported $149,011 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $481 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 0.50% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 597th-largest of 2,266 plans among Virginia employers on file, and the 807th of 5,215 in retail trade. In 2024, employees put in $9.30 for every $1.00 the employer contributed; active participation has grown from 375 to 518 since 2022.

Plan summary
Net assets, end of year$39,279,179
Participants with balances617
Active participants518
Employer contributions$248,931
Employee contributions$2,313,964
Employer contribution per active participant$481
Average account balance$63,662
Benefits paid to participants$4,673,131
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.3M · 617 accts · $249K emplr
2023$26.8M · 440 accts · $190K emplr
2022$18.9M · 320 accts · $97K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,022
Investment management$85,989
Total administrative$149,011
The Tsrc, Inc. 401(k) match · 2024
Employer contribution per active participant$481
Median for plans this size$2,416
2024$481 per active participant
2023$515 per active participant
2022$258 per active participant

Tsrc, 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
BENEFIT FIDUCIARY GROUP LLC · Investment advisory (plan)$85,989
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$63,022

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$149,011 · 0.45%
2023$133,213 · 0.58%
2022$106,589 · 0.50%
Similar plansRetail Trade · Virginia
Pohanka Auto West, Inc. VA$43.3M · 0.41%
Priority Automotive Group VA$42.2M · 0.51%
Ourisman Fairfax Toyota VA$42.2M · 0.46%
Ukrop's Super Markets, Inc. VA$39.9M · 0.10%
Gpm Investments, LLC VA$39.2M · 0.59%
Virginia Truck Center, Inc. VA$38.4M · 0.55%
Ted Britt Ford Sales, Inc. VA$29.8M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541474203 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.