Plan Ledger DOL Form 5500 · updated monthly

Vecna Technologies Inc401(k)

VECNA TECHNOLOGIES, INC 401K PLAN · BURLINGTON, MA · plan year 2023

Reported admin expense ratio · 2023
0.03%

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

Vecna Technologies Inc reported $3,368 in plan administrative expenses for 2023: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,882 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 0.026% to 0.028%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Massachusetts (1,696th of 2,726), and 7,245th of 11,654 in professional & technical services. In 2023, employees put in $2.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,467,827
Participants with balances153
Active participants28
Employer contributions$108,704
Employee contributions$239,730
Employer contribution per active participant$3,882
Average account balance$81,489
Benefits paid to participants$1,467,611
Plan auditUnmodified (clean) audit opinion
AuditorMCKENZIE FORENSIC AUDITORS
Plan history2
Yearassets · accounts · employer contribution
2023$12.5M · 153 accts · $109K emplr
2022$11.6M · 173 accts · $202K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,368
Total administrative$3,368
The Vecna Technologies Inc 401(k) match · 2023
Employer contribution per active participant$3,882
Median for plans this size$2,440
2023$3,882 per active participant
2022$5,039 per active participant

Vecna Technologies Inc'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.

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 · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$3,368
AULESTIA WEALTH MANAGEMENT INC · Investment advisory (plan)indirect comp

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$3,368 · 0.03%
2022$3,513 · 0.03%
Similar plansProfessional & Technical Services · Massachusetts
Coretelligent LLC MA$12.6M · 0.77%
Notarize, Inc. MA$12.5M · 0.46%
Talentburst, Inc. MA$12.5M · 0.39%
Clean Air Task Force MA$12.5M · 0.46%
First Help Financial, LLC MA$12.4M · 0.54%
Kala Bio, Inc. MA$12.4M · 0.01%
Iboss, Inc. MA$12.4M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522152399 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.