Transit Wireless, LLC401(k)
TRANSIT WIRELESS, LLC 401(K) PROFIT SHARING PLAN · NEW YORK, NY · plan year 2023
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Transit Wireless, LLC reported $3,495 in plan administrative expenses for 2023: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $93,231 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 rose from 0.03% to 0.05%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New York (3,890th of 5,648), and 9,588th of 13,661 in manufacturing. In 2023, employees put in $2.07 for every $1.00 the employer contributed; active participation has shrunk from 92 to 7 since 2022.
Transit Wireless, LLC's 2023 employer contribution ran above the $1,308 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 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 841670945 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.