Plan Ledger DOL Form 5500 · updated monthly

Aseko, Inc. dba Glytec401(k)

ASEKO, INC. 401(K) PLAN · BOSTON, MA · plan year 2023

Reported admin expense ratio · 2023
0.11%

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

Aseko, Inc. dba Glytec reported $8,131 in plan administrative expenses for 2023: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,025 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 0.04% to 0.21%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Massachusetts (1,997th of 2,726), and 1,597th of 2,199 in information & media. In 2023, employees put in $4.56 for every $1.00 the employer contributed; active participation has shrunk from 144 to 67 since 2022.

Plan summary
Net assets, end of year$8,657,343
Participants with balances117
Active participants67
Employer contributions$269,687
Employee contributions$1,228,629
Employer contribution per active participant$4,025
Average account balance$73,994
Benefits paid to participants$836,702
Plan auditUnmodified (clean) audit opinion
AuditorEDELSTEIN & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.8M · 113 accts
2023$8.7M · 117 accts · $270K emplr
2022$5.7M · 140 accts · $311K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,456
Investment management$2,675
Total administrative$8,131
The Aseko, Inc. dba Glytec 401(k) match · 2023
Employer contribution per active participant$4,025
Median for plans this size$1,308
2023$4,025 per active participant
2022$2,161 per active participant

Aseko, Inc. dba Glytec's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 · 20231
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$5,456

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$16,922 · 0.21%
2023$8,131 · 0.11%
2022$1,872 · 0.04%
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Source: U.S. Department of Labor, Form 5500 series, EIN 204596037 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.