Plan Ledger DOL Form 5500 · updated monthly

Sdl Inc.401(k)

SDL INC. 401(K) PLAN · WAKEFIELD, MA · plan year 2023

Reported admin expense ratio · 2023
0.21%

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

Sdl Inc. reported $115,535 in plan administrative expenses for 2023: 0.21% of average plan assets, above the peer median. Employer contributions averaged $2,197 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 fell from 0.29% to 0.21%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other professional & technical services employers. By assets it is the 623rd-largest of 2,726 plans among Massachusetts employers on file, and the 2,439th of 11,654 in professional & technical services. In 2023, employees put in $3.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$58,188,082
Participants with balances557
Active participants317
Employer contributions$696,387
Employee contributions$2,402,474
Employer contribution per active participant$2,197
Average account balance$104,467
Benefits paid to participants$2,663,559
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$58.2M · 557 accts · $696K emplr
2022$52.2M · 560 accts · $845K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$82,301
Investment management$32,984
Total administrative$115,535
The Sdl Inc. 401(k) match · 2023
Employer contribution per active participant$2,197
Median for plans this size$3,659
2023$2,197 per active participant
2022$2,235 per active participant

Sdl Inc.'s 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants)$115,535
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)$16,376
PENSIONMARK FINANCIAL GROUP LLCindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · 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 history2
2023$115,535 · 0.21%
2022$161,601 · 0.29%
Similar plansProfessional & Technical Services · Massachusetts
Tracelink, Inc. MA$59.6M · 0.10%
Stratus Technologies, Inc. MA$58.8M · 0.04%
Apps Associates LLC MA$57.7M · 0.28%
Worldwide Techservices, LLC MA$57.1M · 0.02%
Dept US Holdings LLC MA$55.9M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043457981 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.