Plan Ledger DOL Form 5500 · updated monthly

Parallel Wireless, Inc.401(k)

PARALLEL WIRELESS, INC. 401(K) PLAN · NASHUA, NH · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Parallel Wireless, Inc. reported $26,067 in plan administrative expenses for 2024: 0.36% of average plan assets, below the peer median. Employer contributions averaged $972 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 0.28% to 0.36%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New Hampshire (294th of 411), and 9,835th of 13,661 in manufacturing. In 2024, employees put in $10.21 for every $1.00 the employer contributed; active participation has grown from 54 to 71 since 2022.

Plan summary
Net assets, end of year$7,639,527
Participants with balances108
Active participants71
Employer contributions$69,010
Employee contributions$704,669
Employer contribution per active participant$972
Average account balance$70,736
Benefits paid to participants$778,122
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 108 accts · $69K emplr
2023$6.7M · 96 accts · $64K emplr
2022$6.0M · 105 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,453
Investment management$17,614
Total administrative$26,067
The Parallel Wireless, Inc. 401(k) match · 2024
Employer contribution per active participant$972
Median for plans this size$1,313
2024$972 per active participant
2023$992 per active participant

Parallel Wireless, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$17,614

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$26,067 · 0.36%
2023$18,600 · 0.29%
2022$20,520 · 0.28%
Similar plansManufacturing · New Hampshire
Makers Forward, LLC NH$8.7M · 0.61%
Tender Corp NH$8.6M · 0.34%
Prototek Holdings, LLC NH$8.5M · 1.07%
Devtech Pet, Inc. NH$5.9M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 455356652 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.