Plan Ledger DOL Form 5500 · updated monthly

Ideo, LP401(k)

IDEO PROFIT SHARING 401(K) PLAN AND TRUST · CAMBRIDGE, MA · plan year 2023

Reported admin expense ratio · 2023
0.09%

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

Ideo, LP reported $118,217 in plan administrative expenses for 2023: 0.09% of average plan assets, below the peer median. Employer contributions averaged $3,467 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 1 year on file its reported administrative ratio rose from 0.08% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other professional & technical services employers. By assets it is the 359th-largest of 2,726 plans among Massachusetts employers on file, and the 1,187th of 11,654 in professional & technical services. In 2023, employees put in $5.14 for every $1.00 the employer contributed; active participation has shrunk from 416 to 291 since 2022.

Plan summary
Net assets, end of year$131,043,432
Participants with balances801
Active participants291
Employer contributions$1,008,765
Employee contributions$5,181,785
Employer contribution per active participant$3,467
Average account balance$163,600
Benefits paid to participants$18,924,903
Plan auditUnmodified (clean) audit opinion
AuditorCARON & BLETZER,PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $811K emplr
2023$131.0M · 801 accts · $1.0M emplr
2022$120.0M · 879 accts · $1.4M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$50,035
Investment management$67,882
Total administrative$118,217
The Ideo, LP 401(k) match · 2023
Employer contribution per active participant$3,467
Median for plans this size$3,659
2023$3,467 per active participant
2022$3,377 per active participant

Ideo, LP's 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$36,487
EMPOWER ADVISORY GROUP, LLC · Investment advisory (participants)$33,505
MAYFLOWER FINANCIAL ADVISORS LLC · Investment advisory (plan)$24,000
QDRO CONSULTANTS COMPANY, LLC · Consulting$300

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024Not separately reported
2023$118,217 · 0.09%
2022$104,967 · 0.08%
Similar plansProfessional & Technical Services · Massachusetts
Brown Rudnick LLP MA$140.5M · 0.13%
Eliassen Group, LLC. MA$137.0M · 0.17%
Agios Pharmaceuticals MA$134.2M · 0.05%
Tuv Sud America, Inc. MA$131.3M · 0.04%
Jeol USA, Inc. MA$124.4M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263362395 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.