Plan Ledger DOL Form 5500 · updated monthly

Budderfly, Inc.401(k)

BUDDERFLY, INC. 401(K) PROFIT SHARING PLAN AND TRUST · SHELTON, CT · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Budderfly, Inc. reported $45,055 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. Employer contributions averaged $1,973 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 0.69% to 0.60%. 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 Connecticut (774th of 1,106), and 8,207th of 11,654 in professional & technical services. In 2024, employees put in $3.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,330,911
Participants with balances353
Active participants345
Employer contributions$680,666
Employee contributions$2,189,622
Employer contribution per active participant$1,973
Average account balance$26,433
Benefits paid to participants$697,880
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$9.3M · 353 accts · $681K emplr
2023$5.6M · 245 accts · $394K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,544
Investment management$14,511
Total administrative$45,055
The Budderfly, Inc. 401(k) match · 2024
Employer contribution per active participant$1,973
Median for plans this size$1,313
2024$1,973 per active participant
2023$1,650 per active participant

Budderfly, Inc.'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 · 20243
ADP, INC. · Recordkeeping · Investment advisory (participants)$15,925
JOHN HANCOCK RETIREMENT PLAN SVCS · Recordkeeping · Investment advisory (participants)$14,678
EXCEL WEALTH MANAGEMENT LLC · Investment advisory (plan)$14,452

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

Recordkeeper by year2
2024ADP, John Hancock
2023ADP, UBS

This plan has changed recordkeepers within these filings. If you left Budderfly, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$45,055 · 0.60%
2023$28,289 · 0.69%
Same employer
Similar plansProfessional & Technical Services · Connecticut
Goodroot, LLC CT$10.2M · 0.32%
Compassmsp, LLC CT$10.1M · 0.10%
Morrow Sodali LLC CT$9.2M · 0.53%
Hyperfine Operations, Inc CT$8.9M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822765116 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.