Plan Ledger DOL Form 5500 · updated monthly

Cic Innovation Services, LLC401(k)

CIC INNOVATION SERVICES, LLC 401(K) PLAN · CAMBRIDGE, MA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Cic Innovation Services, LLC reported $4,548 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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 0.028% to 0.026%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Massachusetts (1,387th of 2,726), and the 656th of 2,534 in administrative & support services. active participation has shrunk from 273 to 164 since 2022.

Plan summary
Net assets, end of year$18,451,335
Participants with balances247
Active participants164
Employer contributions$0
Employee contributions$1,795,346
Employer contribution per active participant$0
Average account balance$74,702
Benefits paid to participants$2,602,319
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.5M · 247 accts
2023$16.5M · 266 accts · $713K emplr
2022$12.6M · 272 accts · $558K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$550
Investment management$3,998
Total administrative$4,548
The Cic Innovation Services, LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416
2023$3,099 per active participant
2022$2,042 per active participant

Cic Innovation Services, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$550

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$4,548 · 0.03%
2023$4,033 · 0.03%
2022$3,583 · 0.03%
Same employer
Similar plansAdministrative & Support Services · Massachusetts
Tssd Services, Inc. MA$23.8M · 0.02%
Barton & Associates Inc. MA$22.4M · 0.59%
C-4 Analytics, LLC MA$18.3M · 0.42%
Vpne Parking Solutions, LLC MA$17.7M · 0.57%
Hopperusa, Inc. MA$17.6M · 0.39%
John Galt Staffing, Inc. MA$17.2M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371769536 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.