How much does Fit Technologies, Inc. contribute to its ESOP?

In 2024, employer contributions to the Fit Technologies, Inc. plan averaged $14,729 per active participant, above the $1,313 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Fit Technologies, Inc. 401(k)?

The average participant account balance was $82,833 for plan year 2024, based on 133 accounts.

Fit Technologies, Inc.ESOP

Name: Fit Technologies, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

FIT TECHNOLOGIES, INC. EMPLOYEE STOCK OWNERSHIP PLAN · CLEVELAND, OH · plan year 2024

Employer contribution per participant · 2024

$14,729

Fit Technologies, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $11,016,728 across 133 participant accounts, with employer contributions averaging $14,729 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Ohio (1,904th of 3,295), and 2,033rd of 3,091 in educational services.

Plan summary
Net assets, end of year$11,016,728
Participants with balances133
Active participants103
Employer contributions$1,517,130
Employee contributions—
Employer contribution per active participant$14,729
Average account balance$82,833
Benefits paid to participants$429,578
Plan auditUnmodified (clean) audit opinion
AuditorCIUNI AND PANICHI, INC.

Employer contributions to the Fit Technologies, Inc. plan · 2024

Employer contribution per active participant$14,729

Median for plans this size$1,313

Fit Technologies, 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.

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Fit Technologies, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 833525133 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.