Plan Ledger DOL Form 5500 · updated monthly

Biosynth InternationalProfit-sharing plan

BIOSYNTH INTERNATIONAL 401(K) PLAN · GARDNER, MA · plan year 2024

Reported admin expense ratio · 2024
1.53%

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

Biosynth International reported $67,726 in plan administrative expenses for 2024: 1.53% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,804 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 rose from 1.40% to 1.53%. 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 (2,335th of 2,726), and 9,909th of 11,654 in professional & technical services. In 2024, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,712,883
Participants with balances117
Active participants97
Employer contributions$174,956
Employee contributions$328,332
Employer contribution per active participant$1,804
Average account balance$40,281
Benefits paid to participants$701,691
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$4.7M · 117 accts · $175K emplr
2023$4.2M · 120 accts · $201K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,840
Investment management$20,161
Audit (IQPA)$15,725
Total administrative$67,726
Employer contributions to the Biosynth International plan · 2024
Employer contribution per active participant$1,804
Median for plans this size$1,313
2024$1,804 per active participant
2023$1,879 per active participant

Biosynth International's 2024 employer contribution ran above the $1,313 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 · 20241
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeeping$1,246

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$67,726 · 1.53%
2023$50,068 · 1.40%
Similar plansProfessional & Technical Services · Massachusetts
Bpg Bio, Inc. MA$4.8M · 0.57%
Overture Partners, LLC MA$4.8M · 0.17%
Boston Boatworks, LLC MA$4.7M · 0.62%
Racepoint Global, Inc. MA$4.7M · 0.49%
Reveneer, Inc. MA$4.6M · 1.49%
Invaio Sciences Inc. MA$4.6M · 0.50%
Astadia, Inc. MA$4.6M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363084973 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.