Plan Ledger DOL Form 5500 · updated monthly

Irobot Corporation401(k)

IROBOT FUND FOR THE FUTURE 401(K) PLAN · BEDFORD, MA · plan year 2023

Reported admin expense ratio · 2023
0.11%

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

Irobot Corporation reported $186,355 in plan administrative expenses for 2023: 0.11% of average plan assets, below the peer median. Employer contributions averaged $4,612 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 0.07% to 0.11%. 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 276th-largest of 2,726 plans among Massachusetts employers on file, and the 865th of 11,654 in professional & technical services. In 2023, employees put in $3.50 for every $1.00 the employer contributed; active participation has shrunk from 881 to 766 since 2022.

Plan summary
Net assets, end of year$185,194,015
Participants with balances1,367
Active participants766
Employer contributions$3,533,166
Employee contributions$12,375,915
Employer contribution per active participant$4,612
Average account balance$135,475
Benefits paid to participants$12,963,083
Plan auditUnmodified (clean) audit opinion
AuditorWORTHINGTON, HUGHES & HOAR, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$184.5M · 1,175 accts · $1.8M emplr
2023$185.2M · 1,367 accts · $3.5M emplr
2022$151.5M · 1,445 accts · $4.2M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$106,400
Investment management$70,000
Audit (IQPA)$9,955
Total administrative$186,355
The Irobot Corporation 401(k) match · 2023
Employer contribution per active participant$4,612
Median for plans this size$3,659
2024$5,465 per active participant
2023$4,612 per active participant
2022$4,716 per active participant

Irobot Corporation's 2023 employer contribution ran above 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 · 20233
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$106,400
MERRILL LYNCH PIERCE FENNER & SMIT · Investment advisory (plan)$70,000
WORTHINGTON, HUGHES & HOAR, P.C. · Accounting / audit$9,955

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$199,667 · 0.11%
2023$186,355 · 0.11%
2022$118,247 · 0.07%
Same employer
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Galaxy US Opco Inc. MA$193.6M · 0.03%
Lek Consulting LLC MA$190.2M · 0.04%
Coordinates Operations LLC MA$187.6M · 0.01%
Tighe & Bond, Inc. MA$186.2M · 0.05%
The Brattle Group, Inc. MA$183.2M · 0.07%
John Snow, Inc. MA$180.9M · 0.09%
PA Consulting Group, Inc. MA$179.1M · 0.09%
Choate, Hall & Stewart LLP MA$178.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770259335 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.