Plan Ledger DOL Form 5500 · updated monthly

Proton Energy Systems, Inc.401(k)

PROTON ENERGY SYSTEMS, INC. 401(K) PLAN · WALLINGFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Proton Energy Systems, Inc. reported $14,172 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,643 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 0.05% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 451st-largest of 1,106 plans among Connecticut employers on file, and the 4,736th of 13,661 in manufacturing. In 2024, employees put in $3.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,023,380
Participants with balances217
Active participants178
Employer contributions$470,382
Employee contributions$1,666,118
Employer contribution per active participant$2,643
Average account balance$129,140
Benefits paid to participants$1,401,433
Plan auditUnmodified (clean) audit opinion
AuditorCOHNREZNIK LLP
Plan history3
Yearassets · accounts · employer contribution
2024$28.0M · 217 accts · $470K emplr
2023$23.1M · 208 accts · $377K emplr
2022$18.6M · 178 accts · $284K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,930
Investment management$7,542
Total administrative$14,172
The Proton Energy Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$2,643
Median for plans this size$2,416
2024$2,643 per active participant
2023$1,965 per active participant
2022$1,622 per active participant

Proton Energy Systems, Inc.'s 2024 employer contribution ran above the $2,416 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
VOYA RETIREMENT INS AND ANNUITY CO · Investment advisory (participants)$7,463
FREEMAN RETIREMENT PLAN CONSULTING · Other servicesindirect 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
2024$14,172 · 0.06%
2023$8,747 · 0.04%
2022$9,341 · 0.05%
Similar plansManufacturing · Connecticut
Aba-Pgt, Inc. CT$31.2M · 0.01%
Shelterlogic Corp. CT$29.0M · 0.28%
Hubbard-Hall, Inc. CT$28.2M · 0.23%
Light Sources, Inc. CT$28.0M · 0.54%
The Pmt Group, Inc. CT$27.7M · 0.04%
Wiremold Company CT$27.6M · 0.13%
Dymax Corporation CT$27.3M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611846104 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.