Plan Ledger DOL Form 5500 · updated monthly

Align Communications, Inc.401(k)

ALIGN COMMUNICATIONS, INC. PROFIT SHARING PLAN & TRUST · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Align Communications, Inc. reported $72,610 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $2,933 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 0.09% to 0.33%. 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 2,257th-largest of 5,648 plans among New York employers on file, and the 4,933rd of 11,654 in professional & technical services. In 2024, employees put in $2.87 for every $1.00 the employer contributed; active participation has grown from 148 to 173 since 2022.

Plan summary
Net assets, end of year$23,814,080
Participants with balances254
Active participants173
Employer contributions$507,328
Employee contributions$1,456,916
Employer contribution per active participant$2,933
Average account balance$93,756
Benefits paid to participants$1,771,981
Plan auditUnmodified (clean) audit opinion
AuditorCIUNI & PANICHI INC
Plan history3
Yearassets · accounts · employer contribution
2024$23.8M · 254 accts · $507K emplr
2023$20.3M · 247 accts · $476K emplr
2022$16.0M · 235 accts · $403K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,745
Investment management$55,615
Audit (IQPA)$14,250
Total administrative$72,610
The Align Communications, Inc. 401(k) match · 2024
Employer contribution per active participant$2,933
Median for plans this size$2,416
2024$2,933 per active participant
2023$2,801 per active participant
2022$2,720 per active participant

Align Communications, Inc.'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 · 20244
CETERA INVESTMENT ADVISERS LLC · Recordkeeping · Pension consulting$55,615
ALIGN COMMUNICATIONS, INC. · Recordkeeping · Pension consulting$14,250
ADP, INC. · Loan processing · Recordkeeping$2,745
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, ALIGN COMMUNICATIONS, INC., CETERA INVESTMENT ADVISERS LLC
2023ADP, ALIGN COMMUNICATIONS, INC.

This plan has changed recordkeepers within these filings. If you left Align Communications, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$72,610 · 0.33%
2023$14,515 · 0.08%
2022$15,208 · 0.09%
Similar plansProfessional & Technical Services · New York
Netatwork, LLC NY$24.0M · 0.26%
Innovid LLC NY$23.9M · 0.60%
Janover, LLC NY$23.8M · 0.31%
Valley Stream Payroll Corp. NY$23.8M · 0.48%
Dattner Architects NY$23.8M · 0.01%
Lrn Corporation NY$23.8M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133649393 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.