Plan Ledger DOL Form 5500 · updated monthly

Izotope, Inc.401(k)

IZOTOPE, INC. 401(K) PROFIT SHARING PLAN AND TRUST · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Izotope, Inc. reported $35,641 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $6,416 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 0.10% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,240th-largest of 2,726 plans among Massachusetts employers on file, and the 5,288th of 11,654 in professional & technical services. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has shrunk from 113 to 88 since 2022.

Plan summary
Net assets, end of year$21,511,834
Participants with balances214
Active participants88
Employer contributions$564,572
Employee contributions$1,159,754
Employer contribution per active participant$6,416
Average account balance$100,523
Benefits paid to participants$2,372,165
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.5M · 214 accts · $565K emplr
2023$18.0M · 200 accts · $447K emplr
2022$15.5M · 203 accts · $662K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,782
Investment management$4,859
Total administrative$35,641
The Izotope, Inc. 401(k) match · 2024
Employer contribution per active participant$6,416
Median for plans this size$2,416
2024$6,416 per active participant
2023$4,710 per active participant
2022$5,859 per active participant

Izotope, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$26,782

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$35,641 · 0.18%
2023$5,909 · 0.04%
2022$17,172 · 0.10%
Same employer
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Scholar Rock Inc. MA$22.8M · 0.03%
Rhythm Pharmaceuticals Inc. MA$22.7M · 0.09%
Butcherbox Opco, LLC MA$22.5M · 0.65%
Polygon US Corporation MA$22.2M · 0.10%
Drift.com, Inc. MA$21.5M · 0.51%
Anaqua, Inc. MA$21.4M · 0.44%
Wistia, Inc MA$21.4M · 0.01%
Gemini Industries Inc. MA$21.2M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043549474 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.