Plan Ledger DOL Form 5500 · updated monthly

Sangoma US Inc.401(k)

SANGOMA US INC. 401K PLAN · SARASOTA, FL · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Sangoma US Inc. reported $180,091 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,896 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 fell from 0.51% to 0.46%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 644th-largest of 3,644 plans among Florida employers on file, and the 629th of 2,199 in information & media. In 2024, employees put in $1.99 for every $1.00 the employer contributed; active participation has shrunk from 475 to 399 since 2022.

Plan summary
Net assets, end of year$40,034,281
Participants with balances555
Active participants399
Employer contributions$1,554,691
Employee contributions$3,092,726
Employer contribution per active participant$3,896
Average account balance$72,134
Benefits paid to participants$7,739,283
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.0M · 555 accts · $1.6M emplr
2023$38.2M · 618 accts · $1.7M emplr
2022$33.3M · 647 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$122,328
Investment management$57,763
Total administrative$180,091
The Sangoma US Inc. 401(k) match · 2024
Employer contribution per active participant$3,896
Median for plans this size$2,416
2024$3,896 per active participant
2023$3,957 per active participant
2022$3,132 per active participant

Sangoma US 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 · 20244
UBS FINANCIAL SERVICES, INC. · Investment advisory (plan)$57,763
RETIREMENT SOLUTIONS SPECIALISTS · Contract administrator$25,727
EMPOWER ADVISORY GROUP, LLC · Investment management$3,748

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$180,091 · 0.46%
2023$160,822 · 0.45%
2022$120,379 · 0.51%
Same employer
Similar plansInformation & Media · Florida
Info Tech, Inc. FL$75.5M · 0.15%
KNOWBE4, Inc. FL$57.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611752222 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.