Plan Ledger DOL Form 5500 · updated monthly

Desktop Labs Inc.401(k)

DESKTOP LABS RETIREMENT PLAN · BURLINGTON, MA · plan year 2023

Reported admin expense ratio · 2023
0.30%

Desktop Labs Inc. reported $44,394 in plan administrative expenses for 2023: 0.30% of average plan assets, above the peer median. 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 rose from 0.30% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Massachusetts (1,550th of 2,726), and 7,135th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$14,865,773
Participants with balances294
Active participants321
Employer contributions—
Employee contributions$841,180
Employer contribution per active participant—
Average account balance$50,564
Benefits paid to participants$2,198,003
Plan auditUnmodified (clean) audit opinion
AuditorCARON & BLETZER,PLLC
Plan history2
Yearassets · accounts · employer contribution
2024$14.2M · 242 accts
2023$14.9M · 294 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$44,394
Total administrative$44,394
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 · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$44,394
CAMBRIDGE INVESTMENT RESEARCH INC · Investment advisory (plan)indirect comp
AEGIS RETIREMENT PARTNERS, LLC · Other servicesindirect comp

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

Administrative cost history2
2024$46,007 · 0.32%
2023$44,394 · 0.30%
Same employer
Similar plansManufacturing · Massachusetts
Nypro Inc MA$15.7M · 0.00%
Holt and Bugbee Company MA$15.3M · 0.02%
Bradford & Bigelow, Inc. MA$15.3M · 0.36%
Lenco Industries, Inc. MA$15.0M · 0.81%
Berkshire Corporation MA$14.6M · 0.36%
Boston Centerless Inc. MA$14.5M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 874655344 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.