Plan Ledger DOL Form 5500 · updated monthly

Psiquantum Corp.401(k)

PSIQUANTUM 401(K) PLAN · PALO ALTO, CA · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Psiquantum Corp. reported $52,657 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $4,217 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 0.19% to 0.25%. 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 2,993rd-largest of 9,483 plans among California employers on file, and the 4,967th of 13,661 in manufacturing. In 2024, employees put in $3.45 for every $1.00 the employer contributed; active participation has grown from 213 to 320 since 2022.

Plan summary
Net assets, end of year$26,154,695
Participants with balances380
Active participants320
Employer contributions$1,349,294
Employee contributions$4,656,112
Employer contribution per active participant$4,217
Average account balance$68,828
Benefits paid to participants$1,162,689
Plan auditUnmodified (clean) audit opinion
AuditorFRANK, RIMERMAN & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$26.2M · 380 accts · $1.3M emplr
2023$16.5M · 284 accts · $1.0M emplr
2022$10.3M · 253 accts · $799K emplr
Administrative expenses, itemized · 2024
Investment management$48,520
Total administrative$52,657
The Psiquantum Corp. 401(k) match · 2024
Employer contribution per active participant$4,217
Median for plans this size$2,416
2024$4,217 per active participant
2023$4,403 per active participant
2022$3,751 per active participant

Psiquantum Corp.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
EDWARD D JONES & CO LP · Investment advisory (plan)$31,574
EMPOWER ADVISORY GROUP, LLC · Investment management$16,946
MORNINGSTAR INC DBA MORNINGSTAR ASS$4,137

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$52,657 · 0.25%
2023$50,263 · 0.37%
2022$17,246 · 0.19%
Same employer
Similar plansManufacturing · California
Palecek CA$26.2M · 0.29%
Fox Head, Inc. CA$25.9M · 0.04%
Aeva, Inc. CA$25.9M · 0.25%
Lantronix CA$25.8M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 811715139 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.