Plan Ledger DOL Form 5500 · updated monthly

Finix Payments, Inc.401(k)

FINIX PAYMENTS, INC. 401(K) PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Finix Payments, Inc. reported $7,296 in plan administrative expenses for 2024: 0.15% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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 0.09% to 0.15%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (6,859th of 9,483), and 9,626th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$5,451,297
Participants with balances181
Active participants116
Employer contributions$0
Employee contributions$1,016,778
Employer contribution per active participant$0
Average account balance$30,118
Benefits paid to participants$596,760
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 181 accts
2023$4.2M · 178 accts · $1K emplr
2022$3.4M · 212 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,432
Investment management$3,864
Total administrative$7,296
The Finix Payments, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Finix Payments, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
GUIDELINE, INC. · Plan administrator · Recordkeeping$6,621

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

Recordkeeper by year2
2024Guideline
2023Guideline

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$7,296 · 0.15%
2023$6,225 · 0.16%
2022$2,617 · 0.09%
Same employer
Similar plansProfessional & Technical Services · California
Patenaude & Felix, A.P.C. CA$5.5M · 0.11%
Moogsoft, Inc. CA$5.5M · 0.12%
Secureframe Inc CA$5.4M · 0.14%
Inkling Systems, Inc. CA$5.4M · 0.49%
Pensando Systems, Inc. CA$5.4M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 811237778 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.