Plan Ledger DOL Form 5500 · updated monthly

Glidepath Holdings, Inc.401(k)

MASSMUTUAL ASCEND 401(K) PLAN · SPRINGFIELD, MA · plan year 2023

Reported admin expense ratio · 2023
0.05%

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

Glidepath Holdings, Inc. reported $26,095 in plan administrative expenses for 2023: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,421 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 has held roughly steady near 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is the 615th-largest of 2,726 plans among Massachusetts employers on file, and the 1,471st of 4,798 in finance & insurance. In 2023, employees put in $1.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$59,539,819
Participants with balances812
Active participants747
Employer contributions$4,796,823
Employee contributions$6,795,795
Employer contribution per active participant$6,421
Average account balance$73,325
Benefits paid to participants$2,129,916
Plan auditUnmodified (clean) audit opinion
AuditorKPMG, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $5.0M emplr
2023$59.5M · 812 accts · $4.8M emplr
2022$38.1M · 712 accts · $4.2M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$26,095
Total administrative$26,095
The Glidepath Holdings, Inc. 401(k) match · 2023
Employer contribution per active participant$6,421
Median for plans this size$2,440
2023$6,421 per active participant
2022$6,050 per active participant

Glidepath Holdings, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
FID INV INST OPS · Loan processing$26,095

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

Administrative cost history3
2024Not separately reported
2023$26,095 · 0.05%
2022$20,328 · 0.06%
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Newbury Corporation MA$57.3M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 862294635 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.