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Benchmarking Trusted Concepts Retirement Plan in Herndon, VA against

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Benchmarking Trusted Concepts Retirement Plan in Herndon, VA In Virginia with its 146 plans, only Trusted Concepts Retirement Plan in Herndon, VA has both such a high net income ($14,004,218) and such a low total administrative expense ratio (0.011%).

So, any other plan with as high a net income also has higher total administrative expense ratio. Likewise, any other plan with as low a total administrative expense ratio also has lower net income.

Note: net income = total income - total expenses

Trusted Concepts Retirement Plan has these standings among those 146 peer plans:
<ul style='line-height:0.9;'>
<li>net income = $14,004,218 (17th-highest)</li>
<li>total income = $14,746,568 (66th-highest)</li>
<li>total expenses = $742,350 (3rd-lowest)</li>
</ul>

Note: total administrative expense ratio =
(100 * total administrative expenses) ÷ total assets

Trusted Concepts Retirement Plan has these standings among those 146 peer plans:
<ul style='line-height:0.9;'>
<li>total administrative expense ratio = 0.011% (12th-lowest, tied)</li>
<li>total administrative expenses = $7,730 (13th-lowest)</li>
<li>total assets = $71,882,757 (70th-most)</li>
</ul>
closest are Lansing Building Products, LLC 401k Plan in Richmond, VA ($19,361,618, 0.042%), FTS International, LLC 401(K) Profit Sharing Plan in Sterling, VA ($15,288,947, 0.052%), Iron Bow Technologies, LLC 401(K) Plan in Herndon, VA ($18,655,090, 0.091%), and Employee Retirement Savings Plan in Richmond, VA ($15,640,415, 0.098%), ending with Credence Management Solutions 401(K) Profit Sharing Plan in Vienna, VA ($14,182,202, 0.420%).

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In Virginia with its 146 plans, only Trusted Concepts Retirement Plan in Herndon, VA has both such a high net income ($14,004,218) and such a low total administrative expense ratio (0.011%).

So, any other plan with as high a net income also has higher total administrative expense ratio. Likewise, any other plan with as low a total administrative expense ratio also has lower net income.

Note: net income = total income - total expenses

Trusted Concepts Retirement Plan has these standings among those 146 peer plans:

net income = $14,004,218 (17th-highest)

total income = $14,746,568 (66th-highest)

total expenses = $742,350 (3rd-lowest)

Note: total administrative expense ratio =
(100 * total administrative expenses) ÷ total assets

Trusted Concepts Retirement Plan has these standings among those 146 peer plans:

total administrative expense ratio = 0.011% (12th-lowest, tied)

total administrative expenses = $7,730 (13th-lowest)

total assets = $71,882,757 (70th-most)

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Peers

References

net income. Higher values are better. Net income, Line 2k from Schedule H, equals total income (Line 2d) minus total expenses (Line 2j), all from Schedule H. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
in state. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
total administrative expense ratio. Lower values are better. Total administrative expense ratio (as a percentage) equals total administrative expenses (Line 2i(5), Schedule H) divided by total assets (end of plan year; Line 1f(b) from Schedule H), times 100. To qualify for total administrative expense ratio, the number of total assets must be at least $50,000. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.

Profile

Trusted Concepts Retirement Plan in Herndon, VA is in Virginia, its EIN is 204238453, its industry group is Computer Systems Design and Related Services, its plan administrator is Michael Frazier, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, is a single-employer plan, its business code is 541511, has 100 to 499 total participants, is better than the overall plan medians in each of total income, net income, participant loans as a percentage of plan assets, and yield on beginning-of-plan-year total assets (4 total), and is better than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant (the entire set of 5).

Numeric values:

net assets (assets minus liabilities) ($71.90M)
total assets ($71,882,757)
value of interest in registered investment companies (e.g., mutual funds) ($67.90M)
total assets at beginning of plan year ($57,878,539)
total income ($14,746,568)
net income ($14,004,218)
earnings on investments ($9,728,014)
net earnings on investments ($9,728,014)
total contributions ($5,036,554)
cash contributions from employers ($2,712,153)
interest-bearing cash (e.g., money market accounts, certificates of deposit) ($2,421,435)
cash contributions from participants ($2,279,580)
receivables employer contributions ($1,032,020)
total expenses ($742,350)
average account balance ($433,029)
participant loans ($324,300)
receivables participant contributions ($184,343)
net income per total participant ($84,363)
average employer cash contribution per active participant ($20,392)
average participant cash contribution per active participant ($17,140)
other administrative expenses ($7,730)
total administrative expenses ($7,730)
total administrative expense per participant ($46.57)
total noninterest-bearing cash ($0)
other receivables (not employer nor participant contributions) ($0)
U.S. government securities ($0.0K)
corporate debt instruments (preferred & other than employer securities) ($0)
corporate debt instruments (below preferred & other than employer securities) ($0)
corporate preferred stocks (other than employer securities) ($0)
corporate common stocks (other than employer securities) ($0)
partnership/joint venture interests ($0)
real estate (other than employer real property) ($0)
loans (other than to participants) ($0)
value of interest in common/collective trusts ($0)
value of interest in pooled separate accounts ($0)
value of interest in master trust investment accounts ($0.0K)
value of interest in 103-12 investment entities ($0)
value of funds held in insurance company general account (unallocated contracts) ($0)
other general investments ($0)
employer-related securities investments ($0)
employer-related real-property investments ($0)
buildings and other property used in plan operation ($0)
total liabilities ($0)
corrective distributions ($0)
professional fees ($0)
contract administrator fees ($0)
investment advisory and management fees ($0)
asset transfers to this plan ($0)
asset transfers from this plan ($0)
percentage of active participants (80.1%)
yield on beginning-of-plan-year total assets (16.81%)
diversity of asset types (8.4%)
total cash as a percentage of plan assets (3.37%)
participant loans as a percentage of plan assets (0.45%)
total administrative expense ratio (0.011%)
employer securities as a percentage of plan assets (0.00%)
active participants (133)
deceased participants whose beneficiaries receive or are entitled to benefits (0)
living participants (166)
other retired or separated participants entitled to future benefits (33)
retired or separated participants receiving benefits (0)
total participants (166)

Global References

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	active participants
	in region
	in state
	net income
	total expenses
	total participants
	are plan type
	average account balance
	total administrative expenses
	within 50 miles
	cash contributions from participants
	receivables - participant contributions
	total administrative expense ratio
	whose economic sector is
	whose industry group is
	net income per total participant
	yield on beginning-of-plan-year total assets
	provide for automatic enrollment, or not
	average employer cash contribution per active participant
	average participant cash contribution per active participant
	are better than the overall plan medians in
	interest-bearing cash (e.g., money market accounts, certificates of deposit)
	provide participant-directed brokerage accounts as investment options, or not

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Benchmarking Trusted Concepts Retirement Plan in Herndon, VA against

most-similar plans

a group of plans you select