Plan Ledger DOL Form 5500 · updated monthly

Citynet, L.L.C.401(k)

CITYNET 401K PLAN · BRIDGEPORT, WV · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Citynet, L.L.C. reported $77,466 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,746 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 rose from 0.30% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 102nd-largest of 265 plans among West Virginia employers on file, and 1,220th of 2,199 in information & media. In 2024, employees put in $1.38 for every $1.00 the employer contributed; active participation has grown from 196 to 247 since 2022.

Plan summary
Net assets, end of year$15,028,113
Participants with balances236
Active participants247
Employer contributions$678,211
Employee contributions$935,407
Employer contribution per active participant$2,746
Average account balance$63,678
Benefits paid to participants$354,355
Plan auditUnmodified (clean) audit opinion
AuditorSUTTLE & STALNAKER
Plan history3
Yearassets · accounts · employer contribution
2024$15.0M · 236 accts · $678K emplr
2023$11.8M · 203 accts · $595K emplr
2022$8.8M · 196 accts · $465K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$77,466
Total administrative$77,466
The Citynet, L.L.C. 401(k) match · 2024
Employer contribution per active participant$2,746
Median for plans this size$2,416
2024$2,746 per active participant
2023$2,887 per active participant
2022$2,373 per active participant

Citynet, L.L.C.'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 USA · Recordkeeping · Investment management$3,036

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$77,466 · 0.58%
2023$68,768 · 0.67%
2022$27,892 · 0.30%
Same employer
Similar plansInformation & Media · West Virginia
The Ogden Newspapers, Inc WV$114.9M · 0.13%
American Republican, Inc. CT$15.1M · 0.10%
Rxadvance Corporation MA$15.0M · 0.07%
Crunchbase, Inc CA$15.0M · 0.26%
Blackstone Audio OR$15.0M · 0.04%
Oversight Systems, Inc. GA$15.0M · 0.29%
Riseit Solutions, Inc. TX$15.0M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550780814 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.