Plan Ledger DOL Form 5500 · updated monthly

Orbcomm LLC401(k)

ORBCOMM LLC 401(K) PLAN · ROCHELLE PARK, NJ · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Orbcomm LLC reported $116,282 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $2,777 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 fell from 0.32% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 642nd-largest of 2,419 plans among New Jersey employers on file, and the 599th of 2,199 in information & media. In 2024, employees put in $4.30 for every $1.00 the employer contributed; active participation has shrunk from 290 to 215 since 2022.

Plan summary
Net assets, end of year$42,046,089
Participants with balances283
Active participants215
Employer contributions$597,092
Employee contributions$2,570,302
Employer contribution per active participant$2,777
Average account balance$148,573
Benefits paid to participants$7,216,090
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$42.0M · 283 accts · $597K emplr
2023$40.3M · 313 accts · $751K emplr
2022$33.7M · 313 accts · $540K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,558
Investment management$90,724
Total administrative$116,282
The Orbcomm LLC 401(k) match · 2024
Employer contribution per active participant$2,777
Median for plans this size$2,416
2024$2,777 per active participant
2023$2,563 per active participant
2022$1,863 per active participant

Orbcomm LLC's 2024 employer contribution ran above 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 · 20243
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$61,227
EMPOWER ADVISORY GROUP, LLC · Investment management$29,497

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$116,282 · 0.28%
2023$112,104 · 0.30%
2022$117,325 · 0.32%
Same employer
Similar plansInformation & Media · New Jersey
Northstar Travel Media, LLC NJ$51.8M · 0.36%
The Wyanoke Group, Inc. NJ$48.2M · 0.03%
Canfield Scientific, Inc. NJ$46.2M · 0.15%
1111 Systems, Inc. NJ$44.3M · 0.23%
Acuative Corporation NJ$37.6M · 0.12%
Somos, Inc. NJ$35.1M · 0.15%
In Demand L.L.C. NJ$27.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522310071 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.