Plan Ledger DOL Form 5500 · updated monthly

Dynamo Software, Inc.401(k)

DYNAMO SOFTWARE INC 401(K) PROFIT SHARING PLAN AND TRUST · WATERTOWN, MA · plan year 2023

Reported admin expense ratio · 2023
0.28%

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

Dynamo Software, Inc. reported $39,841 in plan administrative expenses for 2023: 0.28% of average plan assets, above the peer median. Employer contributions averaged $7,082 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 0.33% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Massachusetts (1,467th of 2,726), and 1,135th of 2,199 in information & media. In 2023, employees put in $1.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,734,601
Participants with balances195
Active participants143
Employer contributions$1,012,673
Employee contributions$1,936,560
Employer contribution per active participant$7,082
Average account balance$85,818
Benefits paid to participants$933,285
Plan auditUnmodified (clean) audit opinion
AuditorNEWBURG & COMPANY, LLP
Plan history2
Yearassets · accounts · employer contribution
2023$16.7M · 195 accts · $1.0M emplr
2022$12.2M · 183 accts · $872K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$11,273
Investment management$28,568
Total administrative$39,841
The Dynamo Software, Inc. 401(k) match · 2023
Employer contribution per active participant$7,082
Median for plans this size$2,440
2023$7,082 per active participant
2022$6,138 per active participant

Dynamo Software, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
BETTERMENT FOR BUSINESS, LLC · Investment advisory (plan)$39,841

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$39,841 · 0.28%
2022$38,260 · 0.33%
Same employer
Similar plansInformation & Media · Massachusetts
Catapult Sports, Inc. MA$18.9M · 0.36%
Starburst Data, Inc. MA$17.8M · 0.05%
Specialty Commerce Corp. MA$16.1M · 0.34%
Pubmark, Inc MA$15.5M · 0.00%
Courier Plus, Inc. MA$15.1M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043502101 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.