Plan Ledger DOL Form 5500 · updated monthly

Cantaloupe, Inc.401(k)

CANTALOUPE, INC. 401(K) PLAN · MALVERN, PA · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Cantaloupe, Inc. reported $96,301 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $3,106 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 0.59% to 0.42%. 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 1,278th-largest of 3,651 plans among Pennsylvania employers on file, and the 4,494th of 11,654 in professional & technical services. In 2024, employees put in $2.23 for every $1.00 the employer contributed; active participation has grown from 264 to 349 since 2022.

Plan summary
Net assets, end of year$27,026,378
Participants with balances314
Active participants349
Employer contributions$1,083,948
Employee contributions$2,414,180
Employer contribution per active participant$3,106
Average account balance$86,071
Benefits paid to participants$1,453,070
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.0M · 314 accts · $1.1M emplr
2023$18.8M · 262 accts · $927K emplr
2022$15.4M · 246 accts · $805K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,404
Total administrative$96,301
The Cantaloupe, Inc. 401(k) match · 2024
Employer contribution per active participant$3,106
Median for plans this size$2,416
2024$3,106 per active participant
2023$3,059 per active participant
2022$3,048 per active participant

Cantaloupe, Inc.'s 2024 employer contribution ran above the $2,416 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 USA · Recordkeeping$4,791

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 history3
2024$96,301 · 0.42%
2023$102,501 · 0.60%
2022$79,487 · 0.59%
Same employer
Similar plansProfessional & Technical Services · Pennsylvania
Elemica, Inc. PA$28.6M · 0.32%
Medlogix, LLC PA$27.7M · 0.01%
Mro Corporation PA$27.7M · 0.22%
Veltek Associates Inc PA$27.0M · 0.35%
Q-Mation, Inc. PA$26.8M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232679963 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.