Plan Ledger DOL Form 5500 · updated monthly

Onbe, Inc.401(k)

ONBE, INC. 401(K) PLAN · BUFFALO GROVE, IL · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Onbe, Inc. reported $44,005 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $4,830 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 0.11% to 0.19%. 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 1,485th-largest of 3,702 plans among Illinois employers on file, and the 4,756th of 11,654 in professional & technical services. In 2024, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,005,770
Participants with balances373
Active participants331
Employer contributions$1,598,759
Employee contributions$2,998,303
Employer contribution per active participant$4,830
Average account balance$67,040
Benefits paid to participants$3,961,201
Plan auditUnmodified (clean) audit opinion
AuditorWARADY & DAVIS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$25.0M · 373 accts · $1.6M emplr
2023$20.4M · 398 accts · $1.4M emplr
2022$16.1M · 352 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,813
Investment management$13,192
Total administrative$44,005
The Onbe, Inc. 401(k) match · 2024
Employer contribution per active participant$4,830
Median for plans this size$2,416
2024$4,830 per active participant
2023$4,268 per active participant
2022$3,781 per active participant

Onbe, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$13,192

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$44,005 · 0.19%
2023$29,245 · 0.16%
2022$16,955 · 0.11%
Same employer
Similar plansProfessional & Technical Services · Illinois
Crossvue, LLC IL$26.1M · 0.35%
K2 Services LLC IL$25.9M · 0.31%
Hagerty Consulting Inc IL$25.4M · 0.07%
Clean Air Engineering, Inc. IL$24.8M · 0.08%
Spaulding Ridge LLC IL$24.8M · 0.40%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 854102472 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.