Plan Ledger DOL Form 5500 · updated monthly

Neuronetics, Inc.401(k)

NEURONETICS, INC. 401(K) RETIREMENT SAVINGS PLAN · MALVERN, PA · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Neuronetics, Inc. reported $66,518 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $2,286 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 0.34% to 0.45%. 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 1,744th-largest of 3,651 plans among Pennsylvania employers on file, and 6,283rd of 11,654 in professional & technical services. In 2024, employees put in $2.81 for every $1.00 the employer contributed; active participation has grown from 197 to 314 since 2022.

Plan summary
Net assets, end of year$16,285,372
Participants with balances314
Active participants314
Employer contributions$717,909
Employee contributions$2,018,885
Employer contribution per active participant$2,286
Average account balance$51,864
Benefits paid to participants$1,788,515
Plan auditUnmodified (clean) audit opinion
AuditorBELFINT, LYONS & SHUMAN CPA
Plan history3
Yearassets · accounts · employer contribution
2024$16.3M · 314 accts · $718K emplr
2023$13.6M · 312 accts · $714K emplr
2022$10.3M · 364 accts · $511K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,636
Investment management$39,882
Total administrative$66,518
The Neuronetics, Inc. 401(k) match · 2024
Employer contribution per active participant$2,286
Median for plans this size$2,416
2024$2,286 per active participant
2023$2,288 per active participant
2022$2,594 per active participant

Neuronetics, Inc.'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 · 20241
VESTWELL · Contract administrator · Investment advisory (plan)indirect 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$66,518 · 0.45%
2023$65,257 · 0.55%
2022$38,170 · 0.34%
Same employer
Similar plansProfessional & Technical Services · Pennsylvania
Javan Engineering, Inc. PA$16.6M · 0.60%
Webpagefx, LLC PA$16.5M · 0.06%
Laboratory Testing Inc. PA$16.4M · 0.49%
Ci&T, Inc. PA$16.3M · 0.35%
Equisoft Inc PA$16.1M · 0.38%
Computer Enterprises, Inc. PA$15.9M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 331051425 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.