Plan Ledger DOL Form 5500 · updated monthly

Geode Capital Management, LLC401(k)

GEODE CAPITAL MANAGEMENT, LLC RETIREMENT PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Geode Capital Management, LLC reported $31,971 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $27,141 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 rose from 0.03% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 459th-largest of 2,726 plans among Massachusetts employers on file, and the 1,094th of 4,798 in finance & insurance. In 2024, the employer put in $1.65 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$89,304,635
Participants with balances254
Active participants189
Employer contributions$5,129,741
Employee contributions$3,108,666
Employer contribution per active participant$27,141
Average account balance$351,593
Benefits paid to participants$4,699,626
Plan auditUnmodified (clean) audit opinion
AuditorQRGA, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$89.3M · 254 accts · $5.1M emplr
2023$72.7M · 243 accts · $5.3M emplr
2022$56.6M · 230 accts · $4.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$625
Investment management$13,896
Audit (IQPA)$17,450
Total administrative$31,971
The Geode Capital Management, LLC 401(k) match · 2024
Employer contribution per active participant$27,141
Median for plans this size$3,635
2024$27,141 per active participant
2023$31,918 per active participant
2022$22,386 per active participant

Geode Capital Management, LLC's 2024 employer contribution ran above the $3,635 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 · 20243
QRGA, LLP · Accounting / audit$17,450
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$13,896

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

Administrative cost history3
2024$31,971 · 0.04%
2023$28,037 · 0.04%
2022$20,039 · 0.03%
Same employer
Similar plansFinance & Insurance · Massachusetts
Middlesex Savings Bank MA$103.7M · 0.00%
Health New England, Inc. MA$87.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043537967 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.