Plan Ledger DOL Form 5500 · updated monthly

Onboard Partners LLC401(k)

ONBOARD PARTNERS 401(K) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Onboard Partners LLC reported $25,981 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,632 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 1 year on file its reported administrative ratio rose from 0.08% to 0.11%. 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 1,134th-largest of 2,726 plans among Massachusetts employers on file, and the 4,784th of 11,654 in professional & technical services. In 2024, employees put in $2.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,831,128
Participants with balances138
Active participants101
Employer contributions$568,847
Employee contributions$1,252,652
Employer contribution per active participant$5,632
Average account balance$179,936
Benefits paid to participants$3,098,240
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$24.8M · 138 accts · $569K emplr
2023$22.7M · 132 accts · $484K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,551
Total administrative$25,981
The Onboard Partners LLC 401(k) match · 2024
Employer contribution per active participant$5,632
Median for plans this size$2,416
2024$5,632 per active participant
2023$5,264 per active participant

Onboard Partners LLC'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$21,551

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2024$25,981 · 0.11%
2023$18,125 · 0.08%
Similar plansProfessional & Technical Services · Massachusetts
Ocular Therapeutix, Inc. MA$25.1M · 0.46%
Veristat, LLC MA$24.9M · 0.29%
Kymera Therapeutics, Inc. MA$24.8M · 0.25%
Verve Therapeutics, Inc. MA$24.5M · 0.37%
Snyk, Inc. MA$23.6M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043195818 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.