Plan Ledger DOL Form 5500 · updated monthly

Turningpoint Global Solutions, LLC401(k)

TURNINGPOINT 401(K) PLAN · ROCKVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Turningpoint Global Solutions, LLC reported $94,359 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,569 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 0.22% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 767th-largest of 1,671 plans among Maryland employers on file, and 6,358th of 11,654 in professional & technical services. In 2024, employees put in $2.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,928,198
Participants with balances153
Active participants102
Employer contributions$364,071
Employee contributions$858,579
Employer contribution per active participant$3,569
Average account balance$104,106
Benefits paid to participants$2,187,029
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.9M · 153 accts · $364K emplr
2023$14.8M · 165 accts · $357K emplr
2022$12.5M · 209 accts · $341K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,218
Investment management$39,141
Total administrative$94,359
The Turningpoint Global Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$3,569
Median for plans this size$2,416
2024$3,569 per active participant
2023$3,341 per active participant
2022$3,550 per active participant

Turningpoint Global Solutions, LLC's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK · Recordkeeping$55,218
MORGAN STANLEY GLOBAL BANKING OPS · Investment advisory (participants)$39,141

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$94,359 · 0.61%
2023$73,630 · 0.54%
2022$30,945 · 0.22%
Same employer
Similar plansProfessional & Technical Services · Maryland
Ctis Inc. MD$16.1M · 0.00%
Earth Networks, Inc. MD$16.1M · 0.33%
Apex Physics Partners, LLC MD$16.1M · 0.53%
Hendall Inc. MD$15.8M · 0.00%
Plex Solutions, LLC MD$15.5M · 0.48%
Rpi Consultants, LLC MD$15.5M · 0.40%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 810575201 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.