Plan Ledger DOL Form 5500 · updated monthly

Turntide Technologies, Inc.401(k)

TURNTIDE TECHNOLOGIES, INC. 401(K) PLAN · SUNNYVALE, CA · plan year 2023

Reported admin expense ratio · 2023
0.02%

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

Turntide Technologies, Inc. reported $2,053 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $14,560 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 0.02% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (5,152nd of 9,483), and 8,304th of 13,661 in manufacturing. In 2023, employees put in $1.59 for every $1.00 the employer contributed; active participation has shrunk from 157 to 72 since 2022.

Plan summary
Net assets, end of year$11,177,501
Participants with balances159
Active participants72
Employer contributions$1,048,334
Employee contributions$1,666,687
Employer contribution per active participant$14,560
Average account balance$70,299
Benefits paid to participants$2,347,340
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 146 accts · $335K emplr
2023$11.2M · 159 accts · $1.0M emplr
2022$8.8M · 193 accts · $1.5M emplr
Administrative expenses, itemized · 2023
Investment management$442
Total administrative$2,053
The Turntide Technologies, Inc. 401(k) match · 2023
Employer contribution per active participant$14,560
Median for plans this size$2,440
2024$9,570 per active participant
2023$14,560 per active participant
2022$9,242 per active participant

Turntide Technologies, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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$22,671 · 0.22%
2023$2,053 · 0.02%
2022$1,607 · 0.02%
Similar plansManufacturing · California
Biscomerica Corporation CA$11.3M · 0.06%
Sdi Industries, Inc. CA$11.2M · 0.47%
Jp Lamborn Co., Inc CA$11.2M · 0.93%
Solid State Devices, Inc. CA$11.2M · 0.00%
Image Options CA$11.2M · 0.29%
Morton Grinding, Inc. CA$11.2M · 0.22%
The Carpenter Group CA$11.2M · 1.01%
Heinzen, LLC CA$11.1M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464565816 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.