Plan Ledger DOL Form 5500 · updated monthly

Flywire Corporation401(k)

FLYWIRE RETIREMENT PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Flywire Corporation reported $15,524 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,816 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 5 years on file its reported administrative ratio fell from 0.08% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 872nd-largest of 2,726 plans among Massachusetts employers on file, and the 2,095th of 4,798 in finance & insurance. In 2024, employees put in $3.29 for every $1.00 the employer contributed; active participation has grown from 171 to 391 since 2019.

Plan summary
Net assets, end of year$36,931,200
Participants with balances443
Active participants391
Employer contributions$1,491,890
Employee contributions$4,908,640
Employer contribution per active participant$3,816
Average account balance$83,366
Benefits paid to participants$2,141,071
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2024$36.9M · 443 accts · $1.5M emplr
2023$27.3M · 403 accts · $1.4M emplr
2022$17.3M · 368 accts · $1.2M emplr
2019$5.2M · 147 accts · $468K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,763
Investment management$12,761
Total administrative$15,524
The Flywire Corporation 401(k) match · 2024
Employer contribution per active participant$3,816
Median for plans this size$2,416
2024$3,816 per active participant
2023$3,733 per active participant
2022$3,495 per active participant
2019$2,736 per active participant

Flywire Corporation'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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$12,761
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,763

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

Administrative cost history4
2024$15,524 · 0.05%
2023$11,192 · 0.05%
2022$7,560 · 0.05%
2019$2,944 · 0.08%
Same employer
Similar plansFinance & Insurance · Massachusetts
Jeanne Darc Credit Union MA$38.3M · 0.00%
Watertown Savings Bank MA$38.2M · 0.00%
Openly Holdings Corp. MA$37.7M · 0.05%
Mortgage Network, Inc. MA$35.1M · 0.20%
St. Mary's Credit Union MA$34.3M · 0.14%
The Bank of Canton MA$34.0M · 0.00%
Scs Capital Management MA$33.7M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270690799 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.