Department of Labor filing

PAPERLESS INC.

PAPERLESS INC. 401(K) PROFIT SHARING PLAN & TRUST · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Sep 15, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

56filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$3,509

Reported employer contributions per active participant.

Higher than about 76% of comparable plans

#People in the filing

131

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$337 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 10% of comparable plans

↗Investment performance

Not available

Plan assets changed 34.1%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202456out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions76th percentileTypical peer $2,112 · based on 182 comparable plans

Lower reported administrative expense10th percentileTypical peer $142 · based on 187 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, PAPERLESS INC. reported $459,705 in employer contributions across the plan and 131 active participants. That works out to $3,509 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy70%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 12.2%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 18.6%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context56/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $459,705
Participant contributions: $1,118,992
Other contributions: $597,286
Employer share of reported contributions: 29.1%
Beginning assets: $10,862,225
Ending assets: $14,566,103
Ending net assets: $14,566,103
Ending liabilities: $0
Total income: $4,099,564
Total expenses: $395,686
Administrative expenses: $53,915
Participant loans: $28,286

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$3,996

2023

$3,687

2024

$3,509

Plan-paid administrative expenses per participant

2022

$284

2023

$276

2024

$337

Active participants

2022

2023

104

2024

131

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$3,509	131	14.6M	20250915101916NAL0001239440001
2023	$3,687	104	10.9M	20240821141717NAL0002434899001
2022	$3,996	87	8M	20231009104910NAL0026062321001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.2%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 263488606-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 2011
Industry: Industry group 454
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
3H2E2F2G2J2K2T3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
FIDELITY INVESTMENTS INSTITUTIONAL	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20250915101916NAL0001239440001

Data sourceDOL Form 5500 bulk data ↗

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