Plan Ledger DOL Form 5500 · updated monthly

Airmar Technology Corporation401(k)

AIRMAR TECHNOLOGY CORPORATION 401(K) PLAN · MILFORD, NH · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Airmar Technology Corporation reported $25,657 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,729 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 0.07% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 122nd-largest of 411 plans among New Hampshire employers on file, and the 4,370th of 13,661 in manufacturing. In 2024, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,043,637
Participants with balances386
Active participants301
Employer contributions$821,287
Employee contributions$1,759,485
Employer contribution per active participant$2,729
Average account balance$80,424
Benefits paid to participants$5,533,128
Plan auditUnmodified (clean) audit opinion
AuditorCARON AND BLETZER, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$31.0M · 386 accts · $821K emplr
2023$30.0M · 403 accts · $968K emplr
2022$24.5M · 346 accts · $760K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,675
Investment management$20,982
Total administrative$25,657
The Airmar Technology Corporation 401(k) match · 2024
Employer contribution per active participant$2,729
Median for plans this size$2,416
2024$2,729 per active participant
2023$2,581 per active participant
2022$2,276 per active participant

Airmar Technology Corporation's 2024 employer contribution ran above the $2,416 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
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$20,982
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$4,675

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$25,657 · 0.08%
2023$26,843 · 0.10%
2022$18,497 · 0.07%
Same employer
Similar plansManufacturing · New Hampshire
Verico Technology LLC NH$32.2M · 0.03%
Ecco USA, Inc. NH$30.4M · 0.33%
Astenjohnson, Inc. NH$24.3M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020361502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.