Plan Ledger DOL Form 5500 · updated monthly

Action for Boston Community DevelopmentProfit-sharing plan

ACTION FOR BOSTON COMMUNITY DEVELOPMENT PENSION PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Action for Boston Community Development reported $189,913 in plan administrative expenses for 2024: 0.33% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,336 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 rose from 0.18% to 0.33%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 621st-largest of 2,726 plans among Massachusetts employers on file, and the 1,659th of 11,911 in health care & social assistance. active participation has grown from 689 to 775 since 2022.

Plan summary
Net assets, end of year$58,210,917
Participants with balances1,136
Active participants775
Employer contributions$3,360,630
Employee contributions$0
Employer contribution per active participant$4,336
Average account balance$51,242
Benefits paid to participants$7,527,149
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$58.2M · 1,136 accts · $3.4M emplr
2023$56.6M · 1,284 accts · $3.1M emplr
2022$53.1M · 1,102 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$121,838
Investment management$14,030
Audit (IQPA)$54,045
Total administrative$189,913
Employer contributions to the Action for Boston Community Development plan · 2024
Employer contribution per active participant$4,336
Median for plans this size$3,635
2024$4,336 per active participant
2023$4,447 per active participant
2022$3,892 per active participant

Action for Boston Community Development's 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Loan processing$121,838
ROPES & GRAY LLP · Legal · Consulting$54,045
SAGEVIEW ADVISORY GROUP LLC$8,731
KBC HOLDINGS LLC DBA KANON BLOCH CA · Investment advisory (plan)$5,299

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower
2023Empower

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$189,913 · 0.33%
2023$160,233 · 0.29%
2022$103,674 · 0.18%
All plans at this employer2
ACTION FOR BOSTON COMMUNITY DEVELOPMENT PENSION PLANProfit-sharing plan
ACTION FOR BOSTON COMMUNITY DEVELOPMENT TAX-SHELTERED ANNUITY PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
42 North Dental, LLC MA$60.4M · 0.23%
Vna Care Network, Inc. MA$59.0M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042304133 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.