Plan Ledger DOL Form 5500 · updated monthly

Savant Systems, Inc.401(k)

SAVANT SYSTEMS 401(K) PROFIT SHARING PLAN · HYANNIS, MA · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Savant Systems, Inc. reported $75,349 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $3,454 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 0.07% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 758th-largest of 2,726 plans among Massachusetts employers on file, and the 3,018th of 11,654 in professional & technical services. In 2024, employees put in $3.13 for every $1.00 the employer contributed; active participation has shrunk from 485 to 394 since 2022.

Plan summary
Net assets, end of year$44,669,712
Participants with balances568
Active participants394
Employer contributions$1,360,729
Employee contributions$4,264,329
Employer contribution per active participant$3,454
Average account balance$78,644
Benefits paid to participants$5,088,834
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$44.7M · 568 accts · $1.4M emplr
2023$38.4M · 674 accts · $1.5M emplr
2022$32.1M · 764 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$71,571
Investment management$3,645
Trustee / custodial$133
Total administrative$75,349
The Savant Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$3,454
Median for plans this size$2,416
2024$3,454 per active participant
2023$3,449 per active participant
2022$4,875 per active participant

Savant 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 · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$59,418
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$12,153
CETERA ADVISORS LLC · Insurance broker · Insurance servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$75,349 · 0.18%
2023$22,949 · 0.07%
2022$22,390 · 0.07%
Same employer
Similar plansProfessional & Technical Services · Massachusetts
Liaison International, LLC MA$45.2M · 0.12%
Indigo AG, Inc. MA$44.9M · 0.30%
Boston Ivf, LLC MA$44.5M · 0.21%
2SEVENTY Bio, Inc. MA$44.4M · 0.22%
Alpha Analytical, Inc. MA$43.8M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 851002349 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.