Plan Ledger DOL Form 5500 · updated monthly

Dispatchit, Inc.401(k)

DISPATCHIT, INC. 401(K) P/S PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Dispatchit, Inc. reported $18,842 in plan administrative expenses for 2024: 0.36% of average plan assets, below the peer median. Employer contributions averaged $2,959 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 0.51% to 0.36%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Minnesota (1,510th of 1,918), and 1,812th of 2,199 in information & media. In 2024, employees put in $2.88 for every $1.00 the employer contributed; active participation has shrunk from 149 to 115 since 2022.

Plan summary
Net assets, end of year$6,009,169
Participants with balances248
Active participants115
Employer contributions$340,310
Employee contributions$979,769
Employer contribution per active participant$2,959
Average account balance$24,231
Benefits paid to participants$553,493
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 248 accts · $340K emplr
2023$4.5M · 226 accts · $318K emplr
2022$3.1M · 254 accts · $390K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,842
Total administrative$18,842
The Dispatchit, Inc. 401(k) match · 2024
Employer contribution per active participant$2,959
Median for plans this size$1,313
2024$2,959 per active participant
2023$2,670 per active participant
2022$2,615 per active participant

Dispatchit, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
ASCENSUS LLC · Loan processing · Recordkeeping$18,842

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

Recordkeeper by year2
2024Ascensus
2023Ascensus, PAI

This plan has changed recordkeepers within these filings. If you left Dispatchit, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$18,842 · 0.36%
2023$10,708 · 0.28%
2022$14,316 · 0.51%
Same employer
Similar plansInformation & Media · Minnesota
Ourfamilywizard, LLC MN$8.8M · 0.46%
Qumu Corporation MN$8.4M · 0.12%
U.S. Internet MN$8.3M · 0.05%
Travelnet Solutions, LLC MN$3.8M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 832323726 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.