Plan Ledger DOL Form 5500 · updated monthly

Flexware Innovation, Inc.401(k)

FLEXWARE INNOVATION, INC. 401(K) PLAN · FISHERS, IN · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Flexware Innovation, Inc. reported $80,646 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,678 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 0.46%. 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 574th-largest of 1,562 plans among Indiana employers on file, and the 5,617th of 11,654 in professional & technical services. In 2024, employees put in $2.36 for every $1.00 the employer contributed; active participation has grown from 150 to 197 since 2022.

Plan summary
Net assets, end of year$19,668,236
Participants with balances232
Active participants197
Employer contributions$921,636
Employee contributions$2,171,140
Employer contribution per active participant$4,678
Average account balance$84,777
Benefits paid to participants$1,584,010
Plan auditUnmodified (clean) audit opinion
AuditorDULIN WARD & DEWALD INC.
Plan history3
Yearassets · accounts · employer contribution
2024$19.7M · 232 accts · $922K emplr
2023$15.2M · 204 accts · $770K emplr
2022$10.8M · 176 accts · $605K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,584
Investment management$43,062
Total administrative$80,646
The Flexware Innovation, Inc. 401(k) match · 2024
Employer contribution per active participant$4,678
Median for plans this size$2,416
2024$4,678 per active participant
2023$4,501 per active participant
2022$4,036 per active participant

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

Service providers · 20242
JARRED BUNCH CONSULTING · Recordkeeping · Trustee$43,062
ADP, INC. · Loan processing · Recordkeeping$37,584

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

Recordkeeper by year2
2024ADP, JARRED BUNCH CONSULTING
2023ADP, JARRED BUNCH CONSULTING

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Administrative cost history3
2024$80,646 · 0.46%
2023$61,228 · 0.47%
2022$49,559 · 0.47%
Same employer
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Usi Consultants, Inc IN$21.8M · 0.01%
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Cso Architects, Inc. IN$20.4M · 0.38%
Hannum, Wagle & Cline, Inc. IN$20.3M · 0.02%
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Vs Engineering, Inc. IN$16.8M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351989757 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.