Plan Ledger DOL Form 5500 · updated monthly

Planet Aid, Inc.401(k)

PLANET AID 401(K) PLAN · MILFORD, MA · plan year 2024

Reported admin expense ratio · 2024
1.17%

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

Planet Aid, Inc. reported $16,238 in plan administrative expenses for 2024: 1.17% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,072 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 1.17%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Massachusetts (2,596th of 2,726), and 4,077th of 4,246 in wholesale trade. In 2024, employees put in $2.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,674,178
Participants with balances192
Active participants205
Employer contributions$219,718
Employee contributions$600,540
Employer contribution per active participant$1,072
Average account balance$8,720
Benefits paid to participants$460,875
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$1.7M · 192 accts · $220K emplr
2022$786K · 27 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,833
Investment management$5,405
Total administrative$16,238
The Planet Aid, Inc. 401(k) match · 2024
Employer contribution per active participant$1,072
Median for plans this size$1,313

Planet Aid, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$10,833
NFP RETIREMENT INC. · Investment advisory (plan)$5,405

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

Administrative cost history2
2024$16,238 · 1.17%
2022$10,107 · 1.21%
Same employer
Similar plansWholesale Trade · Massachusetts
Door Systems, Inc MA$3.8M · 0.53%
Cometeer, Inc. MA$2.8M · 0.01%
Mammoth Fire Alarms, Inc. MA$2.8M · 0.41%
G & J Holdings, LLC MA$1.6M · 0.07%
Solar Therapeutics MA$902K · 1.16%
Lobster Trap Co Inc MA$878K · 0.88%
Reebok International LTD. MA$639K · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043348171 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.