Plan Ledger DOL Form 5500 · updated monthly

Lakeside Software, LLC401(k)

LAKESIDE SOFTWARE 401(K) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Lakeside Software, LLC reported $47,729 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $2,044 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 0.15% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Massachusetts (1,645th of 2,726), and 1,309th of 2,199 in information & media. In 2024, employees put in $6.40 for every $1.00 the employer contributed; active participation has shrunk from 158 to 131 since 2022.

Plan summary
Net assets, end of year$13,142,473
Participants with balances153
Active participants131
Employer contributions$267,780
Employee contributions$1,712,704
Employer contribution per active participant$2,044
Average account balance$85,899
Benefits paid to participants$1,325,843
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.1M · 153 accts · $268K emplr
2023$9.8M · 169 accts · $329K emplr
2022$6.2M · 124 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,276
Investment management$26,453
Total administrative$47,729
The Lakeside Software, LLC 401(k) match · 2024
Employer contribution per active participant$2,044
Median for plans this size$2,416
2024$2,044 per active participant
2023$1,993 per active participant

Lakeside Software, 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$21,276
TWELVE POINTS WEALTH MANAGEMENT LLC · Investment advisory (plan)$13,683
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$9,938

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$47,729 · 0.42%
2023$30,573 · 0.38%
2022$9,691 · 0.15%
Same employer
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Pubmark, Inc MA$15.5M · 0.00%
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Rxadvance Corporation MA$15.0M · 0.07%
Starry, Inc MA$14.8M · 0.33%
OM1, Inc. MA$12.9M · 0.51%
Tulip Interfaces, Inc. MA$12.2M · 0.15%
Rave Wireless, Inc. MA$12.1M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383374036 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.