Plan Ledger DOL Form 5500 · updated monthly

Bahwan Cybertek Inc401(k)

BAHWAN CYBERTEK INC 401(K) PROFIT SHARING PLAN & TRUST · NATICK, MA · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Bahwan Cybertek Inc reported $48,112 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. Employer contributions averaged $2,972 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 0.84% to 0.64%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Massachusetts (1,992nd of 2,726), and 8,417th of 11,654 in professional & technical services. In 2024, employees put in $2.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,697,325
Participants with balances183
Active participants142
Employer contributions$421,958
Employee contributions$1,087,066
Employer contribution per active participant$2,972
Average account balance$47,526
Benefits paid to participants$258,140
Plan auditUnmodified (clean) audit opinion
AuditorMAMACOS BYSIEWICZ & ASSOCIATES LLC
Plan history2
Yearassets · accounts · employer contribution
2024$8.7M · 183 accts · $422K emplr
2023$6.3M · 135 accts · $369K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,779
Investment management$34,373
Trustee / custodial$960
Total administrative$48,112
The Bahwan Cybertek Inc 401(k) match · 2024
Employer contribution per active participant$2,972
Median for plans this size$1,313
2024$2,972 per active participant
2023$2,998 per active participant

Bahwan Cybertek Inc's 2024 employer contribution ran above the $1,313 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 · 20242
PAYCHEX, INC. · Recordkeeping$12,839
MERRILL LYNCH, PIERCE, FENNER · Investment advisory (plan)$34,373

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$48,112 · 0.64%
2023$43,334 · 0.84%
Same employer
Similar plansProfessional & Technical Services · Massachusetts
Laronde, Inc. MA$8.8M · 0.42%
Dtiq Technologies, Inc. MA$8.7M · 0.42%
Ksq Therapeutics Inc MA$8.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043461279 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.