Plan Ledger DOL Form 5500 · updated monthly

Equisoft Inc401(k)

EQUISOFT INC. 401(K) PROFIT SHARING PLAN · PHILADELPHIA, PA · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Equisoft Inc reported $54,299 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $3,546 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 rose from 0.35% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,756th-largest of 3,651 plans among Pennsylvania employers on file, and 6,320th of 11,654 in professional & technical services. In 2024, employees put in $3.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,105,739
Participants with balances165
Active participants134
Employer contributions$475,205
Employee contributions$1,746,637
Employer contribution per active participant$3,546
Average account balance$97,611
Benefits paid to participants$937,934
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.1M · 165 accts · $475K emplr
2023$12.8M · 170 accts · $482K emplr
2022$9.0M · 160 accts · $426K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,199
Total administrative$54,299
The Equisoft Inc 401(k) match · 2024
Employer contribution per active participant$3,546
Median for plans this size$2,416
2024$3,546 per active participant
2023$3,279 per active participant
2022$3,132 per active participant

Equisoft 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 · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$10,899
THE MANDMARBLESTONE GROUP LLC · Contract administrator$3,125

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$54,299 · 0.38%
2023$38,983 · 0.36%
2022$31,146 · 0.35%
Same employer
Similar plansProfessional & Technical Services · Pennsylvania
Laboratory Testing Inc. PA$16.4M · 0.49%
Neuronetics, Inc. PA$16.3M · 0.45%
Ci&T, Inc. PA$16.3M · 0.35%
Computer Enterprises, Inc. PA$15.9M · 0.37%
Olin Partnership, LTD. PA$15.9M · 0.28%
Krystal Biotech, Inc. PA$15.8M · 0.28%
Arraya Solutions, Inc. PA$15.7M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 980607844 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.