Plan Ledger DOL Form 5500 · updated monthly

Onapsis Inc.401(k)

ONAPSIS INC. 401K AND PROFIT SHARING PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.64%

Onapsis Inc. reported $49,368 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. 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 0.26% to 0.64%. 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 (2,015th of 2,726), and 1,611th of 2,199 in information & media. active participation has shrunk from 104 to 92 since 2022.

Plan summary
Net assets, end of year$8,419,983
Participants with balances132
Active participants92
Employer contributions—
Employee contributions$1,197,769
Employer contribution per active participant—
Average account balance$63,788
Benefits paid to participants$1,422,999
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM, SMTH, + BROWN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$8.4M · 132 accts
2023$7.1M · 149 accts
2022$4.7M · 136 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,488
Investment management$11,440
Total administrative$49,368
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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$26,488
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$22,871

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$49,368 · 0.64%
2023$35,972 · 0.61%
2022$11,667 · 0.26%
Same employer
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New Life Solution, Inc. MA$7.5M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364722250 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.