Plan Ledger DOL Form 5500 · updated monthly

Audax Management Company, LLC401(k)

AUDAX 401(K) SAVINGS PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Audax Management Company, LLC reported $135,592 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $1,868 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 1 year on file its reported administrative ratio fell from 0.21% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 491st-largest of 2,726 plans among Massachusetts employers on file, and the 1,181st of 4,798 in finance & insurance. In 2024, employees put in $8.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$80,378,106
Participants with balances540
Active participants447
Employer contributions$834,983
Employee contributions$6,953,110
Employer contribution per active participant$1,868
Average account balance$148,848
Benefits paid to participants$2,728,512
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history2
Yearassets · accounts · employer contribution
2024$80.4M · 540 accts · $835K emplr
2023$62.6M · 484 accts · $647K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,174
Investment management$71,418
Total administrative$135,592
The Audax Management Company, LLC 401(k) match · 2024
Employer contribution per active participant$1,868
Median for plans this size$3,635
2024$1,868 per active participant
2023$1,609 per active participant

Audax Management Company, LLC's 2024 employer contribution ran below the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$71,418
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$64,174

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

Administrative cost history2
2024$135,592 · 0.19%
2023$116,804 · 0.21%
Same employer
Similar plansFinance & Insurance · Massachusetts
Health New England, Inc. MA$87.2M · 0.03%
The Andover Companies MA$80.4M · 0.00%
Harborone Bank MA$80.3M · 0.18%
Bay Coast Bank MA$78.3M · 0.18%
Leerink Partners LLC MA$76.1M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 923915555 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.