Plan Ledger DOL Form 5500 · updated monthly

Watt, Tieder, Hoffar & Fitzgerald, LLP401(k)

WATT, TIEDER, HOFFAR & FITZGERALD, LLP PROFIT SHARING 401(K) PLAN · MCLEAN, VA · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Watt, Tieder, Hoffar & Fitzgerald, LLP reported $115,960 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $4,332 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 0.11% to 0.26%. 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 499th-largest of 2,266 plans among Virginia employers on file, and the 2,810th of 11,654 in professional & technical services. In 2024, employees put in $4.10 for every $1.00 the employer contributed; active participation has grown from 75 to 89 since 2022.

Plan summary
Net assets, end of year$48,958,519
Participants with balances132
Active participants89
Employer contributions$385,561
Employee contributions$1,581,464
Employer contribution per active participant$4,332
Average account balance$370,898
Benefits paid to participants$359,105
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$49.0M · 132 accts · $386K emplr
2023$41.0M · 117 accts · $304K emplr
2022$33.6M · 115 accts · $266K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,492
Investment management$58,468
Total administrative$115,960
The Watt, Tieder, Hoffar & Fitzgerald, LLP 401(k) match · 2024
Employer contribution per active participant$4,332
Median for plans this size$2,416
2024$4,332 per active participant
2023$3,943 per active participant
2022$3,549 per active participant

Watt, Tieder, Hoffar & Fitzgerald, LLP's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
NEWPORT GROUP · Contract administrator · Recordkeeping$4,308
HUNTER MICHAEL INVESTMENT ADVISORS · Trustee$1,121
NFP, INC. · Trustee · Loan processing$483

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$115,960 · 0.26%
2023$46,649 · 0.12%
2022$40,009 · 0.11%
Similar plansProfessional & Technical Services · Virginia
Research Innovations Inc. VA$49.5M · 0.00%
Apex Clean Energy, Inc. VA$49.0M · 0.03%
Redhorse Corporation VA$48.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541065705 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.