Plan Ledger DOL Form 5500 · updated monthly

Pitney Bowes Inc.401(k)

PITNEY BOWES INC. 401(K) PLAN · STAMFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Pitney Bowes Inc. reported $1,243,563 in plan administrative expenses for 2024: 0.07% of average plan assets, above the peer median. Employer contributions averaged $4,163 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 0.073%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 19th-largest of 1,106 plans among Connecticut employers on file, and the 198th of 13,661 in manufacturing. In 2024, employees put in $1.85 for every $1.00 the employer contributed; active participation has shrunk from 9,600 to 5,862 since 2022.

Plan summary
Net assets, end of year$1,737,070,741
Participants with balances12,248
Active participants5,862
Employer contributions$24,406,085
Employee contributions$45,103,582
Employer contribution per active participant$4,163
Average account balance$141,825
Benefits paid to participants$234,430,051
Plan auditUnmodified (clean) audit opinion
AuditorBECHER, DELLA TORRE, GITTO & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$1.7B · 12,248 accts · $24.4M emplr
2023$1.7B · 13,482 accts · $27.9M emplr
2022$1.5B · 13,900 accts · $28.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$459,912
Audit (IQPA)$23,300
Total administrative$1,243,563
The Pitney Bowes Inc. 401(k) match · 2024
Employer contribution per active participant$4,163
Median for plans this size$5,259
2024$4,163 per active participant
2023$3,107 per active participant
2022$2,916 per active participant

Pitney Bowes Inc.'s 2024 employer contribution ran below the $5,259 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 · 20248
T ROWE PRICE RPS INC · Recordkeeping · Trustee$459,912
NEPC, LLC · Consulting$143,104
BDG-CPAS · Accounting / audit$23,300
CREATIVE PLANNING LLC · Investment advisory (participants)$16,130
MORGAN, LEWIS & BOCKIUS LLP · Legal$15,467
DYNAMIC WEALTH ADVISORS · Investment advisory (participants)$8,023
NEWEDGE ADVISORS LLC · Investment advisory (participants)$6,529
CHARLES SCHWAB & CO., INC. · Securities brokerage$5,343

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,243,563 · 0.07%
2023$1,276,454 · 0.08%
2022$1,240,139 · 0.07%
Same employer
Similar plansManufacturing · Connecticut
Linde Inc. CT$2.9B · 0.03%
Henkel of America, Inc. CT$2.4B · 0.03%
Assa Abloy Incorporated CT$1.3B · 0.06%
Hubbell Incorporated CT$1.2B · 0.09%
Crane Company CT$1.2B · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060495050 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.