Plan Ledger DOL Form 5500 · updated monthly

365 Operating Company, LLC401(k)

365 DATA CENTERS 401K PLAN · NORWALK, CT · plan year 2023

Reported admin expense ratio · 2023
0.10%

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

365 Operating Company, LLC reported $13,048 in plan administrative expenses for 2023: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,220 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 fell from 0.22% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Connecticut (582nd of 1,106), and 5,892nd of 11,654 in professional & technical services. In 2023, employees put in $4.47 for every $1.00 the employer contributed; active participation has grown from 212 to 242 since 2022.

Plan summary
Net assets, end of year$18,140,332
Participants with balances187
Active participants242
Employer contributions$295,160
Employee contributions$1,319,873
Employer contribution per active participant$1,220
Average account balance$97,007
Benefits paid to participants$916,251
Plan auditUnmodified (clean) audit opinion
AuditorNISIVOCCIA
Plan history3
Yearassets · accounts · employer contribution
2024$17.2M · 191 accts · $254K emplr
2023$18.1M · 187 accts · $295K emplr
2022$8.0M · 217 accts · $172K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$13,048
Total administrative$13,048
The 365 Operating Company, LLC 401(k) match · 2023
Employer contribution per active participant$1,220
Median for plans this size$2,440
2024$1,309 per active participant
2023$1,220 per active participant
2022$811 per active participant

365 Operating Company, LLC's 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 · 20233
NATIONWIDE · Recordkeeping$13,048
NISIVOCCIA · Investment advisory (plan)indirect comp
EQUITABLE ADVISORS LLC · Investment advisory (plan)indirect 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$15,684 · 0.09%
2023$13,048 · 0.10%
2022$18,829 · 0.22%
Same employer
Similar plansProfessional & Technical Services · Connecticut
Aps Technology, Inc. CT$19.9M · 0.06%
Silversky Inc. CT$18.5M · 0.02%
Continuum of Care Inc CT$18.0M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460938104 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.