Plan Ledger DOL Form 5500 · updated monthly

Ontic Technologies, Inc.401(k)

ONTIC 401(K) PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.18%

Ontic Technologies, Inc. reported $9,131 in plan administrative expenses for 2024: 0.18% of average plan assets, lower than ~75% of peers. 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 fell from 0.24% to 0.18%. 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 Texas (3,797th of 5,688), and 1,801st of 2,199 in information & media.

Plan summary
Net assets, end of year$6,080,462
Participants with balances179
Active participants134
Employer contributions—
Employee contributions$1,559,854
Employer contribution per active participant—
Average account balance$33,969
Benefits paid to participants$396,651
Plan auditUnmodified (clean) audit opinion
AuditorMAXWELL LOCKE & RITTER LLP
Plan history2
Yearassets · accounts · employer contribution
2024$6.1M · 179 accts
2023$4.1M · 146 accts
Administrative expenses, itemized · 2024
Investment management$9,131
Total administrative$9,131
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
BETTERMENT FOR BUSINESS, LLC · Investment advisory (plan)$9,131

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$9,131 · 0.18%
2023$7,748 · 0.24%
Same employer
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Trax Holdings, Inc TX$5.7M · 0.28%
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Source: U.S. Department of Labor, Form 5500 series, EIN 821201873 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.