Plan Ledger DOL Form 5500 · updated monthly

Rheonix, Inc.401(k)

RHEONIX, INC. 401(K) PLAN · ITHACA, NY · plan year 2022

Reported admin expense ratio · 2022
0.11%

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

Rheonix, Inc. reported $13,154 in plan administrative expenses for 2022: 0.11% of average plan assets, below the peer median. Employer contributions averaged $3,785 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 0.11% to 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,400th of 5,648), and 7,537th of 11,654 in professional & technical services. In 2022, employees put in $2.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,518,722
Participants with balances122
Active participants101
Employer contributions$382,299
Employee contributions$805,179
Employer contribution per active participant$3,785
Average account balance$94,416
Benefits paid to participants$203,987
Plan auditUnmodified (clean) audit opinion
AuditorFIRLEY, MORAN, FREER & EASSA, CPA
Plan history2
Yearassets · accounts · employer contribution
2023$11.0M · 93 accts · $216K emplr
2022$11.5M · 122 accts · $382K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$13,154
Total administrative$13,154
The Rheonix, Inc. 401(k) match · 2022
Employer contribution per active participant$3,785
Median for plans this size$2,266
2023$3,487 per active participant
2022$3,785 per active participant

Rheonix, Inc.'s 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$13,553 · 0.12%
2022$13,154 · 0.11%
Similar plansProfessional & Technical Services · New York
Mission North, Inc. NY$11.6M · 0.61%
Ema Design Automation Inc NY$11.6M · 0.29%
Shop Architects, Inc NY$11.5M · 0.37%
Gelia Wells & Mohr, Inc. NY$11.5M · 0.35%
Kaltura, Inc NY$11.4M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800322869 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.