Plan Ledger DOL Form 5500 · updated monthly

Leanix, Inc.401(k)

LEANIX 401(K) PLAN · WATERTOWN, MA · plan year 2024

Reported admin expense ratio · 2024
1.33%

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

Leanix, Inc. reported $64,997 in plan administrative expenses for 2024: 1.33% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,107 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Massachusetts (2,251st of 2,726), and 1,826th of 2,199 in information & media. In 2024, employees put in $1.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,837,702
Participants with balances153
Active participants158
Employer contributions$648,943
Employee contributions$1,263,503
Employer contribution per active participant$4,107
Average account balance$38,155
Benefits paid to participants$687,763
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2025$0 · $437K emplr
2024$5.8M · 153 accts · $649K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,997
Total administrative$64,997
The Leanix, Inc. 401(k) match · 2024
Employer contribution per active participant$4,107
Median for plans this size$1,313

Leanix, Inc.'s 2024 employer contribution ran above the $1,313 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$670

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

Recordkeeper by year2
2025John Hancock
2024John Hancock

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

Administrative cost history2
2025Not separately reported
2024$64,997 · 1.33%
Similar plansInformation & Media · Massachusetts
True Fit Corporation MA$6.2M · 0.15%
Patientslikeme LLC MA$6.1M · 0.00%
Yottaa, Inc. MA$5.9M · 0.12%
1UPHEALTH MA$5.4M · 0.31%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 811466836 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.