Plan Ledger DOL Form 5500 · updated monthly

Genetec USA, Inc.401(k)

GENETEC USA, INC. 401(K) PLAN · · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Genetec USA, Inc. reported $2,959 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,821 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 2 years on file its reported administrative ratio fell from 0.05% to 0.01%. 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 4,548th of 11,654 in professional & technical services. In 2024, employees put in $1.99 for every $1.00 the employer contributed; active participation has grown from 156 to 218 since 2022.

Plan summary
Net assets, end of year$26,552,037
Participants with balances228
Active participants218
Employer contributions$1,268,965
Employee contributions$2,521,633
Employer contribution per active participant$5,821
Average account balance$116,456
Benefits paid to participants$1,283,173
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.6M · 228 accts · $1.3M emplr
2023$21.2M · 213 accts · $1.2M emplr
2022$15.5M · 187 accts · $943K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,959
Total administrative$2,959
The Genetec USA, Inc. 401(k) match · 2024
Employer contribution per active participant$5,821
Median for plans this size$2,416
2024$5,821 per active participant
2023$5,648 per active participant
2022$6,043 per active participant

Genetec USA, 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 · 20241
EMPLOYEE FIDUCIARY, LLC · Recordkeeping$1,105

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

Recordkeeper by year2
2024EMPLOYEE FIDUCIARY, LLC
2023EMPLOYEE FIDUCIARY, LLC

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$2,959 · 0.01%
2023$350 · 0.00%
2022$7,813 · 0.05%
Same employer
Similar plansProfessional & Technical Services
Nagrastar, LLC CO$26.6M · 0.15%
Branch Metrics, Inc. CA$26.6M · 0.11%
Gumgum, Inc. CA$26.6M · 0.53%
Saipem America, Inc. TX$26.5M · 0.45%
M & H Enterprises, Inc. TX$26.5M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204572119 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.