Plan Ledger DOL Form 5500 · updated monthly

Systolic, Inc.401(k)

SYSTOLIC, INC. 401(K) PLAN · SEVERNA PARK, MD · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Systolic, Inc. reported $169,412 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $23,501 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 0.21% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 171st-largest of 1,671 plans among Maryland employers on file, and the 164th of 2,534 in administrative & support services. In 2024, the employer put in $1.47 for every $1.00 employees contributed themselves; active participation has grown from 214 to 297 since 2022.

Plan summary
Net assets, end of year$102,239,124
Participants with balances333
Active participants297
Employer contributions$6,979,794
Employee contributions$4,756,407
Employer contribution per active participant$23,501
Average account balance$307,024
Benefits paid to participants$4,120,106
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$102.2M · 333 accts · $7.0M emplr
2023$77.5M · 292 accts · $5.6M emplr
2022$56.7M · 270 accts · $4.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,084
Investment management$108,328
Total administrative$169,412
The Systolic, Inc. 401(k) match · 2024
Employer contribution per active participant$23,501
Median for plans this size$3,635
2024$23,501 per active participant
2023$21,741 per active participant
2022$22,600 per active participant

Systolic, Inc.'s 2024 employer contribution ran above the $3,635 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.

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
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants)$108,329
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$61,494
MORGAN STANLEY SMITH BARNEYindirect comp

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$169,412 · 0.19%
2023$131,485 · 0.20%
2022$121,671 · 0.21%
Same employer
Similar plansAdministrative & Support Services · Maryland
Allegis Group, Inc. MD$2.2B · 0.09%
Xmt Services, Inc. MD$111.2M · 0.67%
Synagro Technologies Inc. MD$76.7M · 0.38%
Xcel Management, Inc. MD$74.1M · 0.66%
Landcare USA, LLC MD$61.2M · 0.59%
Authority Brands, Inc. MD$51.2M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522174966 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.