Planet Payment, Inc.401(k)
PLANET PAYMENT INC. 401(K) PLAN · GARDEN CITY, NY · plan year 2022
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Planet Payment, Inc. reported $916 in plan administrative expenses for 2022: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,492 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 1 year on file its reported administrative ratio rose from 0.01% to 0.16%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (4,006th of 5,648), and 8,876th of 11,654 in professional & technical services. In 2022, employees put in $2.15 for every $1.00 the employer contributed.
Planet Payment, Inc.'s 2022 employer contribution ran above the $1,114 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 134084693 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.