Plan Ledger DOL Form 5500 · updated monthly

Ene. Systems Inc.401(k)

ENE SYSTEMS INC. PROFIT SHARING PLAN · CANTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Ene. Systems Inc. reported $47,151 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $2,988 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 3 years on file its reported administrative ratio has held roughly steady near 0.149%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 938th-largest of 2,726 plans among Massachusetts employers on file, and the 1,423rd of 5,337 in construction. In 2024, employees put in $2.36 for every $1.00 the employer contributed; active participation has grown from 222 to 272 since 2022.

Plan summary
Net assets, end of year$33,318,595
Participants with balances325
Active participants272
Employer contributions$812,612
Employee contributions$1,921,450
Employer contribution per active participant$2,988
Average account balance$102,519
Benefits paid to participants$3,805,984
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.3M · 325 accts · $813K emplr
2023$30.1M · 318 accts · $693K emplr
2022$24.9M · 278 accts · $594K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,450
Investment management$40,183
Total administrative$47,151
The Ene. Systems Inc. 401(k) match · 2024
Employer contribution per active participant$2,988
Median for plans this size$2,416
2024$2,988 per active participant
2023$2,646 per active participant
2022$2,676 per active participant

Ene. Systems Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$22,747
CITRIN COOPERMAN$16,750
VOYA RETIREMENT INSURANCE & ANNUITY · Investment management$7,653
WELLS FARGO CLEARING SERVICES, LLCindirect comp

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

Administrative cost history3
2024$47,151 · 0.15%
2023$36,162 · 0.13%
2022$39,563 · 0.15%
Same employer
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Jay Cashman, Inc. MA$37.4M · 0.02%
Walsh Brothers, Inc. MA$36.8M · 0.29%
Harry Grodsky & Co., Inc. MA$35.1M · 0.06%
Commodore Builders LLC MA$35.1M · 0.24%
J.C. Cannistraro, LLC. MA$33.3M · 0.39%
Zampell Refractories, Inc. MA$32.6M · 0.03%
Nexamp, Inc. MA$31.7M · 0.68%
Dellbrook Construction, LLC MA$30.6M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042956130 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.