Plan Ledger DOL Form 5500 · updated monthly

True Fit Corporation401(k)

TRUE FIT 401(K) PLAN · BOSTON, MA · plan year 2023

Reported admin expense ratio · 2023
0.15%

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

True Fit Corporation reported $8,444 in plan administrative expenses for 2023: 0.15% of average plan assets, lower than ~75% of peers. Employer contributions averaged $73 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 0.11% to 0.15%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Massachusetts (2,221st of 2,726), and 1,795th of 2,199 in information & media. In 2023, employees put in $211.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,159,639
Participants with balances96
Active participants47
Employer contributions$3,417
Employee contributions$723,126
Employer contribution per active participant$73
Average account balance$64,163
Benefits paid to participants$856,315
Plan auditUnmodified (clean) audit opinion
AuditorGRAY, GRAY & GRAY LLC
Plan history2
Yearassets · accounts · employer contribution
2023$6.2M · 96 accts · $3K emplr
2022$5.2M · 105 accts · $2K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$8,444
Total administrative$8,444
The True Fit Corporation 401(k) match · 2023
Employer contribution per active participant$73
Median for plans this size$1,308
2023$73 per active participant
2022$28 per active participant

True Fit Corporation's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
THE VANGUARD GROUP, INC. · Recordkeeping$8,444

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$8,444 · 0.15%
2022$5,797 · 0.11%
Similar plansInformation & Media · Massachusetts
Logrocket, Inc. MA$7.3M · 0.10%
Open Exchange, Inc. MA$7.1M · 0.03%
Skyword, Inc. MA$6.8M · 0.74%
Crayon Inc. MA$6.7M · 0.08%
Patientslikeme LLC MA$6.1M · 0.00%
Yottaa, Inc. MA$5.9M · 0.12%
Leanix, Inc. MA$5.8M · 1.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710980124 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.