Signet Electronic Systems, LLC401(k)
SIGNET ELECTRONIC SYSTEMS 401(K) PLAN · NORWELL, MA · plan year 2023
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Signet Electronic Systems, LLC reported $96,277 in plan administrative expenses for 2023: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,908 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.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,235th-largest of 2,726 plans among Massachusetts employers on file, and the 1,771st of 4,246 in wholesale trade. In 2023, employees put in $3.11 for every $1.00 the employer contributed.
Signet Electronic Systems, LLC's 2023 employer contribution ran above the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 042547398 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.