Plan Ledger DOL Form 5500 · updated monthly

Form Energy Inc.401(k)

FORM ENERGY INC. 401(K) PLAN · SOMERVILLE, MA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Form Energy Inc. reported $15,716 in plan administrative expenses for 2024: 0.07% 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 3 years on file its reported administrative ratio has held roughly steady near 0.072%. 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 1,069th-largest of 2,726 plans among Massachusetts employers on file, and the 4,445th of 11,654 in professional & technical services. active participation has grown from 372 to 981 since 2022.

Plan summary
Net assets, end of year$27,421,316
Participants with balances1,017
Active participants981
Employer contributions$0
Employee contributions$8,141,171
Employer contribution per active participant$0
Average account balance$26,963
Benefits paid to participants$2,074,703
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.4M · 1,017 accts
2023$16.3M · 702 accts
2022$8.4M · 412 accts · $485 emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,674
Investment management$42
Total administrative$15,716
The Form Energy Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Form Energy Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
FIDELITY WORKPLACE SERVICES LLC · Recordkeeping · Consulting$12,263
BENEFIT TRUST COMPANY · Custodial · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024Fidelity
2023Guideline

This plan has changed recordkeepers within these filings. If you left Form Energy Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$15,716 · 0.07%
2023$11,916 · 0.10%
2022$4,804 · 0.07%
Same employer
Similar plansProfessional & Technical Services · Massachusetts
Keches Law Group, P. C. MA$29.6M · 0.63%
Clark & Elbing LLP MA$29.1M · 0.09%
Park Place International MA$28.7M · 0.30%
Bico Group MA$28.3M · 0.22%
Lastpass US LP MA$27.0M · 0.06%
Oneshield, Inc. MA$26.7M · 0.25%
Nitsch Engineering, Inc MA$26.3M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822266384 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.