Plan Ledger DOL Form 5500 · updated monthly

Monotype Imaging Inc.401(k)

MONOTYPE IMAGING INC. EMPLOYEE SAVINGS PLAN · WOBURN, MA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Monotype Imaging Inc. reported $60,349 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $3,485 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 0.04% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 456th-largest of 2,726 plans among Massachusetts employers on file, and the 2,026th of 13,661 in manufacturing. In 2024, employees put in $3.72 for every $1.00 the employer contributed; active participation has grown from 232 to 310 since 2022.

Plan summary
Net assets, end of year$91,310,149
Participants with balances574
Active participants310
Employer contributions$1,080,319
Employee contributions$4,020,222
Employer contribution per active participant$3,485
Average account balance$159,077
Benefits paid to participants$13,243,765
Plan auditUnmodified (clean) audit opinion
AuditorBOIVIN & ASSOCIATES, CPA, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$91.3M · 574 accts · $1.1M emplr
2023$86.4M · 548 accts · $468K emplr
2022$74.6M · 537 accts · $599K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,349
Audit (IQPA)$8,500
Total administrative$60,349
The Monotype Imaging Inc. 401(k) match · 2024
Employer contribution per active participant$3,485
Median for plans this size$3,635
2024$3,485 per active participant
2023$1,767 per active participant
2022$2,580 per active participant

Monotype Imaging Inc.'s 2024 employer contribution ran below the $3,635 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
UBS FINANCIAL SERVICES INC. · Consulting$37,500
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$14,349
BOIVIN & ASSOCIATES · Accounting / audit$8,500

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$60,349 · 0.07%
2023$48,478 · 0.06%
2022$31,837 · 0.04%
Same employer
Similar plansManufacturing · Massachusetts
E Ink Corporation MA$95.2M · 0.21%
Web Industries, Inc. MA$92.4M · 0.00%
Bay State Milling Company MA$92.0M · 0.08%
Harvey Industries, LLC MA$89.1M · 0.36%
Symbotic LLC MA$88.9M · 0.33%
New England Controls, Inc. MA$88.6M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363504053 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.