Plan Ledger DOL Form 5500 · updated monthly

Power Advocate, Inc.401(k)

POWER ADVOCATE, INC. 401K PLAN · BOSTON, MA · plan year 2023

Reported admin expense ratio · 2023
0.00%

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

Power Advocate, Inc. reported $769 in plan administrative expenses for 2023: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,623 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 0.002% to 0.003%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other information & media employers. By assets it is the 1,030th-largest of 2,726 plans among Massachusetts employers on file, and the 799th of 2,199 in information & media. In 2023, employees put in $1.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,286,022
Participants with balances329
Active participants210
Employer contributions$1,600,766
Employee contributions$2,674,633
Employer contribution per active participant$7,623
Average account balance$89,015
Benefits paid to participants$4,294,323
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $531K emplr
2023$29.3M · 329 accts · $1.6M emplr
2022$23.7M · 316 accts · $1.7M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$769
Total administrative$769
The Power Advocate, Inc. 401(k) match · 2023
Employer contribution per active participant$7,623
Median for plans this size$2,440
2023$7,623 per active participant
2022$7,958 per active participant

Power Advocate, Inc.'s 2023 employer contribution ran above the $2,440 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 · 20232
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$769
MORGAN STANLEY SMITH BARNEYindirect comp

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

Administrative cost history3
2024Not separately reported
2023$769 · 0.00%
2022$556 · 0.00%
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Source: U.S. Department of Labor, Form 5500 series, EIN 742951692 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.