Plan Ledger DOL Form 5500 · updated monthly

Luxoft USA, Inc.401(k)

LUXOFT 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Luxoft USA, Inc. reported $149,566 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $4,027 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 fell from 0.36% to 0.31%. 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 1,304th-largest of 5,648 plans among New York employers on file, and the 2,623rd of 11,654 in professional & technical services. In 2024, employees put in $2.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$53,461,156
Participants with balances901
Active participants709
Employer contributions$2,855,290
Employee contributions$6,462,448
Employer contribution per active participant$4,027
Average account balance$59,335
Benefits paid to participants$8,980,058
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH BROWN PC
Plan history3
Yearassets · accounts · employer contribution
2024$53.5M · 901 accts · $2.9M emplr
2023$43.3M · 887 accts · $2.9M emplr
2022$31.8M · 862 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,781
Investment management$90,785
Total administrative$149,566
The Luxoft USA, Inc. 401(k) match · 2024
Employer contribution per active participant$4,027
Median for plans this size$2,416
2024$4,027 per active participant
2023$3,822 per active participant
2022$3,522 per active participant

Luxoft USA, 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
SCS · Investment advisory (plan)$68,422
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$58,781
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$22,364

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$149,566 · 0.31%
2023$110,136 · 0.29%
2022$119,430 · 0.36%
Same employer
Similar plansProfessional & Technical Services · New York
Kitware, Inc. NY$55.4M · 0.02%
Haug Partners LLP NY$54.6M · 0.08%
Cheil USA Inc. NY$53.2M · 0.14%
Grassi & Co., Cpas, P.C. NY$52.5M · 0.17%
J. Goldman & Co., L.P. NY$52.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223402613 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.