Plan Ledger DOL Form 5500 · updated monthly

Formlabs, Inc.401(k)

FORMLABS RETIREMENT TRUST · SOMERVILLE, MA · plan year 2024

Reported admin expense ratio · 2024
0.41%

Formlabs, Inc. reported $65,302 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. 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 fell from 0.46% to 0.41%. 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 among the smaller plans on file in Massachusetts (1,414th of 2,726), and 5,947th of 11,654 in professional & technical services. active participation has shrunk from 507 to 388 since 2022.

Plan summary
Net assets, end of year$17,846,748
Participants with balances321
Active participants388
Employer contributions—
Employee contributions$3,158,386
Employer contribution per active participant—
Average account balance$55,597
Benefits paid to participants$2,181,220
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.8M · 321 accts
2023$14.4M · 317 accts
2022$8.9M · 292 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,039
Investment management$27,263
Total administrative$65,302
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 · 20243
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$38,039
TWELVE POINTS WEALTH MGT LLC · Investment advisory (plan)$27,263
CHARLES SCHWAB · Custodial (securities)$5,591

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

Recordkeeper by year2
2024The Standard
2023The Standard

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Administrative cost history3
2024$65,302 · 0.41%
2023$44,602 · 0.38%
2022$40,224 · 0.46%
Same employer
Similar plansProfessional & Technical Services · Massachusetts
Syner-G Biopharma Group LLC MA$18.3M · 0.25%
Eqrx International, Inc. MA$18.1M · 0.05%
Cullinan Therapeutics, Inc. MA$18.0M · 0.01%
Clearplan Consulting, LLC MA$17.7M · 0.17%
Karuna Therapeutics MA$17.6M · 0.27%
Cogent Biosciences, Inc. MA$17.6M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453644301 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.