Plan Ledger DOL Form 5500 · updated monthly

Harmonic Drive LLC401(k)

SAVINGS PLAN OF HARMONIC DRIVE LLC · BEVERLY, MA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Harmonic Drive LLC reported $69,572 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,221 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 0.25% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,083rd-largest of 2,726 plans among Massachusetts employers on file, and the 4,885th of 13,661 in manufacturing. In 2024, employees put in $3.70 for every $1.00 the employer contributed; active participation has grown from 194 to 218 since 2022.

Plan summary
Net assets, end of year$26,853,317
Participants with balances239
Active participants218
Employer contributions$484,107
Employee contributions$1,792,659
Employer contribution per active participant$2,221
Average account balance$112,357
Benefits paid to participants$3,135,442
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.9M · 239 accts · $484K emplr
2023$24.8M · 231 accts · $454K emplr
2022$23.6M · 214 accts · $375K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,572
Investment management$30,000
Total administrative$69,572
The Harmonic Drive LLC 401(k) match · 2024
Employer contribution per active participant$2,221
Median for plans this size$2,416
2024$2,221 per active participant
2023$2,205 per active participant
2022$1,935 per active participant

Harmonic Drive LLC's 2024 employer contribution ran below the $2,416 median for plans its size. 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 INVESTMENTS INSTITUTIONAL · Loan processing$39,572
SENTINEL PENSION ADVISORS INC · Investment advisory (plan)$30,000

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$69,572 · 0.27%
2023$72,748 · 0.30%
2022$62,808 · 0.25%
Same employer
Similar plansManufacturing · Massachusetts
Avedis Zildjian Co. MA$27.8M · 0.21%
Shawmut LLC MA$27.8M · 0.20%
Nye Lubricants, Inc. MA$26.9M · 0.02%
Plansee USA LLC MA$26.8M · 0.02%
Bake'n Joy Foods, Inc. MA$26.8M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203942105 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.