Plan Ledger DOL Form 5500 · updated monthly

Cradlepoint, Inc.401(k)

CRADLEPOINT 401(K) PLAN · BOISE, ID · plan year 2023

Reported admin expense ratio · 2023
0.15%

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

Cradlepoint, Inc. reported $128,913 in plan administrative expenses for 2023: 0.15% of average plan assets, above the peer median. Employer contributions averaged $4,970 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 0.20% to 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other manufacturing employers. By assets it is the 22nd-largest of 349 plans among Idaho employers on file, and the 1,863rd of 13,661 in manufacturing. In 2023, employees put in $2.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$103,681,789
Participants with balances1,266
Active participants1,131
Employer contributions$5,621,158
Employee contributions$15,943,562
Employer contribution per active participant$4,970
Average account balance$81,897
Benefits paid to participants$3,640,456
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$103.7M · 1,266 accts · $5.6M emplr
2022$67.2M · 1,163 accts · $4.5M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$91,688
Total administrative$128,913
The Cradlepoint, Inc. 401(k) match · 2023
Employer contribution per active participant$4,970
Median for plans this size$3,659
2023$4,970 per active participant
2022$4,336 per active participant

Cradlepoint, Inc.'s 2023 employer contribution ran above the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
T ROWE PRICE RPS INC · Recordkeeping · Trustee$91,688
MERCER · Consulting$25,676

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

Administrative cost history2
2023$128,913 · 0.15%
2022$129,946 · 0.20%
Same employer
Similar plansManufacturing · Idaho
Glanbia, Inc. ID$336.1M · 0.12%
Woodgrain Inc. ID$271.8M · 0.19%
Litehouse, Inc. ID$209.6M
Riley Creek Lumber Company ID$118.5M · 0.41%
Amalgamated Sugar Company ID$80.4M · 0.11%
Petiq, LLC ID$38.3M · 0.20%
La Semiconductor ID$36.7M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 680633402 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.