Plan Ledger DOL Form 5500 · updated monthly

Saab, Inc.401(k)

SAAB 401(K) RETIREMENT SAVINGS PLAN · EAST SYRACUSE, NY · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Saab, Inc. reported $279,965 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $4,149 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 0.11% to 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 396th-largest of 5,648 plans among New York employers on file, and the 670th of 11,654 in professional & technical services. In 2024, employees put in $2.31 for every $1.00 the employer contributed; active participation has grown from 745 to 1,078 since 2022.

Plan summary
Net assets, end of year$247,324,364
Participants with balances1,159
Active participants1,078
Employer contributions$4,472,824
Employee contributions$10,330,622
Employer contribution per active participant$4,149
Average account balance$213,395
Benefits paid to participants$27,693,532
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$247.3M · 1,159 accts · $4.5M emplr
2023$225.2M · 1,010 accts · $3.7M emplr
2022$190.4M · 880 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$279,965
Total administrative$279,965
The Saab, Inc. 401(k) match · 2024
Employer contribution per active participant$4,149
Median for plans this size$3,635
2024$4,149 per active participant
2023$4,094 per active participant
2022$4,107 per active participant

Saab, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$279,899
GALLAGHER BENEFIT SERVICES, INC. · Consultingindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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$279,965 · 0.12%
2023$233,692 · 0.11%
2022$218,638 · 0.11%
Same employer
Similar plansProfessional & Technical Services · New York
Cha Consulting Inc. NY$268.3M · 0.13%
Etsy, Inc. NY$264.2M · 0.13%
Sotheby's Inc. NY$248.5M · 0.08%
Mongodb,Inc. NY$246.6M · 0.02%
The Population Council, Inc. NY$232.7M · 0.11%
Horizon Media Holdings, LLC NY$232.2M · 0.12%
Kasowitz Benson Torres LLP NY$220.1M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582310523 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.