Plan Ledger DOL Form 5500 · updated monthly

Paytronix Systems, Inc.401(k)

PAYTRONIX SYSTEMS, INC. 401(K) PROFIT SHARING PLAN · NEWTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Paytronix Systems, Inc. reported $61,242 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $2,688 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 3 years on file its reported administrative ratio has held roughly steady near 0.25%. 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 1,093rd-largest of 2,726 plans among Massachusetts employers on file, and the 850th of 2,199 in information & media. In 2024, employees put in $3.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,743,832
Participants with balances311
Active participants260
Employer contributions$698,807
Employee contributions$2,765,557
Employer contribution per active participant$2,688
Average account balance$85,993
Benefits paid to participants$2,940,165
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.7M · 311 accts · $699K emplr
2023$22.3M · 318 accts · $844K emplr
2022$15.3M · 298 accts · $727K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,242
Total administrative$61,242
The Paytronix Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$2,688
Median for plans this size$2,416
2024$2,688 per active participant
2023$3,391 per active participant
2022$2,673 per active participant

Paytronix Systems, Inc.'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$61,242

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$61,242 · 0.25%
2023$44,942 · 0.24%
2022$40,348 · 0.24%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 043569244 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.