Plan Ledger DOL Form 5500 · updated monthly

Axiom Systems, Inc.401(k)

AXIOM SYSTEMS, INC. 401(K) PLAN · FREDERICK, MD · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Axiom Systems, Inc. reported $49,793 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $5,570 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 0.25% to 0.21%. 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 573rd-largest of 1,671 plans among Maryland employers on file, and the 4,926th of 11,654 in professional & technical services. In 2024, employees put in $2.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,851,635
Participants with balances118
Active participants87
Employer contributions$484,574
Employee contributions$1,219,140
Employer contribution per active participant$5,570
Average account balance$202,133
Benefits paid to participants$4,027,764
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.9M · 118 accts · $485K emplr
2023$23.0M · 120 accts · $407K emplr
2022$18.8M · 121 accts · $477K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,793
Total administrative$49,793
The Axiom Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$5,570
Median for plans this size$2,416
2024$5,570 per active participant
2023$4,573 per active participant
2022$5,247 per active participant

Axiom Systems, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$39,369
EMPOWER ADVISORY GROUP, LLC · Investment management$30,435
UNIGLOBAL PENSION PLANNING, INC. · Contract administrator$525

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$49,793 · 0.21%
2023$45,945 · 0.22%
2022$51,168 · 0.25%
Similar plansProfessional & Technical Services · Maryland
Federal Data Holdings LLC MD$24.4M · 0.37%
Digiflight, Inc . MD$24.3M · 0.36%
AG LLC MD$24.1M · 0.36%
Messagebird USA, Inc MD$24.1M · 0.16%
Huntress Labs Incorporated MD$23.6M · 0.28%
Spatial Front, Inc. MD$23.5M · 0.12%
Clearedge IT Solutions, LLC MD$23.5M · 0.38%
Marketbridge, Inc. MD$23.4M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232841822 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.