Teksynap Corporation 401(k) Review & Grade
Teksynap Corporation 401(k) Plan
Reston, VAProfessional, Scientific & Technical Services1,178 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,747Employer $ per active participant
$7,016Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$60.4MNet plan assets, end of year
$54,947Average balance per account
Score breakdown
- Employer generosity30.3 / 5061th percentile for employer $ per participant
- Low cost9.7 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 39th |
| Employee saving | 35th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,728 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Teksynap put in about $3,747 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $4,412,105 |
| Participant (employee) contributions | $8,261,240 |
| Other contributions (incl. rollovers in) | $2,110,630 |
| Administrative expenses paid from the plan | $165,832 |
| Investment advisory & management fees | $55,328 |
| Benefits paid out | $6,126,240 |
| Net assets, start / end of year | $44.4M / $60.4M |
| Active participants, start / end of year | 1,178 / 1,177 |
| Participants with account balances | 1,099 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cherry Bekaert |
Largest service providers (Schedule C)
| Adp, Inc. | $125,804 reported compensation |
| Global Retirement Partners | $40,027 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002050420NAL0000093811001, received 2025-10-02, EIN 26-3111285, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.