Plan Ledger DOL Form 5500 · updated monthly

Payette Associates Inc.401(k)

PAYETTE ASSOCIATES INC. 401(K) PLAN · BOSTON, MA · plan year 2024

Employer contribution per participant · 2024
$1,439

Payette Associates Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $48,618,362 across 274 participant accounts, with employer contributions averaging $1,439 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio rose from 0.01% to 0.02%. 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 718th-largest of 2,726 plans among Massachusetts employers on file, and the 2,821st of 11,654 in professional & technical services. In 2024, employees put in $7.82 for every $1.00 the employer contributed; active participation has grown from 177 to 198 since 2022.

Plan summary
Net assets, end of year$48,618,362
Participants with balances274
Active participants198
Employer contributions$284,833
Employee contributions$2,226,663
Employer contribution per active participant$1,439
Average account balance$177,439
Benefits paid to participants$804,109
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$48.6M · 274 accts · $285K emplr
2023$40.9M · 268 accts · $261K emplr
2022$33.7M · 247 accts · $218K emplr
Administrative expenses, itemized · 2024
Investment management$7,675
Total administrative-$2,118
The Payette Associates Inc. 401(k) match · 2024
Employer contribution per active participant$1,439
Median for plans this size$2,416
2024$1,439 per active participant
2023$1,428 per active participant
2022$1,229 per active participant

Payette Associates Inc.'s 2024 employer contribution ran below 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.

Service providers · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$7,675
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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

Administrative cost history3
2024Not separately reported
2023$7,376 · 0.02%
2022$5,253 · 0.01%
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Source: U.S. Department of Labor, Form 5500 series, EIN 042379313 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.