Simply Business LLC401(k)
SIMPLY BUSINESS LLC 401K PROFIT SHARING PLAN & TRUST · BOSTON, MA · plan year 2022
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Simply Business LLC reported $8,989 in plan administrative expenses for 2022: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,452 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 $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Massachusetts (2,138th of 2,726), and 9,008th of 11,654 in professional & technical services. In 2022, employees put in $2.73 for every $1.00 the employer contributed.
Simply Business LLC's 2022 employer contribution ran above the $1,114 median for plans its size, placing it in the top quarter of its peers. 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 300956205 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.