Plan Ledger DOL Form 5500 · updated monthly

Physical Sciences Inc.ESOP

PHYSICAL SCIENCES INC. EMPLOYEE STOCK OWNERSHIP PLAN · ANDOVER, MA · plan year 2023

Reported admin expense ratio · 2023
0.03%

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

Physical Sciences Inc. reported $30,029 in plan administrative expenses for 2023: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $24,080 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 0.01% to 0.02%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other professional & technical services employers. By assets it is the 432nd-largest of 2,726 plans among Massachusetts employers on file, and the 1,548th of 11,654 in professional & technical services. active participation has grown from 227 to 258 since 2022.

Plan summary
Net assets, end of year$97,776,881
Participants with balances378
Active participants258
Employer contributions$6,212,667
Employee contributions—
Employer contribution per active participant$24,080
Average account balance$258,669
Benefits paid to participants$5,305,980
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$93.2M · 382 accts · $6.5M emplr
2023$97.8M · 378 accts · $6.2M emplr
2022$89.7M · 341 accts · $5.8M emplr
Administrative expenses, itemized · 2023
Investment management$27,677
Total administrative$30,029
Employer contributions to the Physical Sciences Inc. plan · 2023
Employer contribution per active participant$24,080
Median for plans this size$3,659
2024$26,230 per active participant
2023$24,080 per active participant
2022$25,468 per active participant

Physical Sciences Inc.'s 2023 employer contribution ran above the $3,659 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.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
SALEM FIVE WEALTH MANAGEMENT & TRUS · Investment advisory (plan)$27,677

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$21,229 · 0.02%
2023$30,029 · 0.03%
2022$7,613 · 0.01%
All plans at this employer2
PHYSICAL SCIENCES INC. 401(K) PLAN401(k)
PHYSICAL SCIENCES INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Similar plansProfessional & Technical Services · Massachusetts
Lifeworks (US) LTD. MA$98.9M · 0.28%
The Dennis Group, Inc. MA$98.3M · 0.10%
Bullhorn, Inc. MA$93.6M · 0.19%
Morrison Mahoney LLP MA$92.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042517090 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.