Passageways, Inc.401(k)
PASSAGEWAYS, INC. EMPLOYEES' 401(K) PLAN · INDIANAPOLIS, IN · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Passageways, Inc. reported $59,630 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $4,422 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 0.92% to 0.65%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Indiana (860th of 1,562), and 7,731st of 11,654 in professional & technical services. In 2024, employees put in $1.97 for every $1.00 the employer contributed; active participation has grown from 153 to 175 since 2022.
Passageways, Inc.'s 2024 employer contribution ran above the $1,313 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 822007390 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.