Plan Ledger DOL Form 5500 · updated monthly

Trackforce, Inc.401(k)

TRACKFORCE 401(K) PLAN · WOODBURY, NY · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Trackforce, Inc. reported $49,408 in plan administrative expenses for 2024: 0.56% of average plan assets, above the peer median. Employer contributions averaged $2,195 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 3 years on file its reported administrative ratio has held roughly steady near 0.556%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,722nd of 5,648), and 8,252nd of 11,654 in professional & technical services. In 2024, employees put in $4.91 for every $1.00 the employer contributed; active participation has shrunk from 139 to 78 since 2022.

Plan summary
Net assets, end of year$9,216,053
Participants with balances180
Active participants78
Employer contributions$171,247
Employee contributions$840,594
Employer contribution per active participant$2,195
Average account balance$51,200
Benefits paid to participants$2,101,095
Plan auditUnmodified (clean) audit opinion
AuditorJOHNSON O'CONNOR FERON &CARUCCI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.2M · 180 accts · $171K emplr
2023$8.5M · 197 accts · $266K emplr
2022$7.0M · 186 accts · $217K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,408
Total administrative$49,408
The Trackforce, Inc. 401(k) match · 2024
Employer contribution per active participant$2,195
Median for plans this size$1,313
2024$2,195 per active participant
2023$2,275 per active participant
2022$1,563 per active participant

Trackforce, Inc.'s 2024 employer contribution ran above the $1,313 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
MML INVESTORS SERVICES, INC. · Recordkeeping · Trustee$28,006
ADP, INC. · Recordkeeping · Loan processing$21,402

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

Recordkeeper by year2
2024ADP, MML INVESTORS SERVICES, INC.
2023ADP, MML INVESTORS SERVICES, INC.

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Administrative cost history3
2024$49,408 · 0.56%
2023$39,738 · 0.51%
2022$40,205 · 0.56%
Similar plansProfessional & Technical Services · New York
Viventium Software, Inc. NY$9.3M · 0.28%
Velan Studios NY$9.3M · 0.02%
Lifesci Advisors NY$9.3M · 0.47%
Upstate Companies 1, LLC NY$9.2M · 0.56%
Ogury Inc. NY$9.2M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133732573 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.