Plan Ledger DOL Form 5500 · updated monthly

Connectrn Inc.401(k)

CONNECTRN INC. 401(K) PLAN · WALTHAM, MA · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Connectrn Inc. reported $12,270 in plan administrative expenses for 2024: 0.18% of average plan assets, lower than ~75% of peers. Employer contributions averaged $522 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 0.28% to 0.18%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (2,162nd of 2,726), and 6,954th of 11,911 in health care & social assistance. In 2024, employees put in $2.09 for every $1.00 the employer contributed; active participation has grown from 267 to 1,057 since 2022.

Plan summary
Net assets, end of year$6,823,150
Participants with balances289
Active participants1,057
Employer contributions$551,507
Employee contributions$1,153,399
Employer contribution per active participant$522
Average account balance$23,610
Benefits paid to participants$2,491,564
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 289 accts · $552K emplr
2023$6.6M · 292 accts · $950K emplr
2022$2.9M · 220 accts · $624K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,270
Total administrative$12,270
The Connectrn Inc. 401(k) match · 2024
Employer contribution per active participant$522
Median for plans this size$1,313
2024$522 per active participant
2023$1,018 per active participant
2022$2,336 per active participant

Connectrn Inc.'s 2024 employer contribution ran below the $1,313 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
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$12,270

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$12,270 · 0.18%
2023$10,880 · 0.23%
2022$4,579 · 0.28%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Self Help Inc MA$6.9M · 0.43%
Guidewire, Inc. MA$6.9M · 0.68%
Campus Child Care, Inc. MA$6.8M · 0.35%
Rcap Solutions, Inc. MA$6.6M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465458752 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.