Plan Ledger DOL Form 5500 · updated monthly

Loftware, Inc.401(k)

LOFTWARE, INC. 401(K) PROFIT SHARING PLAN · PORTSMOUTH, NH · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Loftware, Inc. reported $99,358 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $3,176 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 0.38% 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 the 150th-largest of 411 plans among New Hampshire employers on file, and the 889th of 2,199 in information & media. In 2024, employees put in $4.23 for every $1.00 the employer contributed; active participation has grown from 160 to 201 since 2022.

Plan summary
Net assets, end of year$24,833,331
Participants with balances238
Active participants201
Employer contributions$638,373
Employee contributions$2,698,011
Employer contribution per active participant$3,176
Average account balance$104,342
Benefits paid to participants$3,641,621
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.8M · 238 accts · $638K emplr
2023$22.1M · 250 accts · $691K emplr
2022$14.3M · 180 accts · $355K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$99,358
Total administrative$99,358
The Loftware, Inc. 401(k) match · 2024
Employer contribution per active participant$3,176
Median for plans this size$2,416
2024$3,176 per active participant
2023$3,309 per active participant
2022$2,216 per active participant

Loftware, Inc.'s 2024 employer contribution ran above 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$99,357
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)indirect comp
NBT BANK, N.A. · Other servicesindirect comp

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$99,358 · 0.42%
2023$75,066 · 0.41%
2022$59,092 · 0.38%
Same employer
Similar plansInformation & Media · New Hampshire
Game Creek Video, LLC NH$33.0M · 0.07%
Ligado Networks LLC VA$25.1M · 0.01%
Kyruus, Inc. MA$25.0M · 0.12%
The Greenspun Corporation NV$24.9M · 0.09%
Ionq, Inc. MD$24.8M · 0.09%
Treasure Data, Inc. CA$24.8M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010439980 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.