Plan Ledger DOL Form 5500 · updated monthly

Banner Seventeen, LLC401(k)

BOSTON CELTICS 401(K) SAVINGS AND RETIREMENT PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Banner Seventeen, LLC reported $73,450 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $8,845 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 fell from 0.30% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 627th-largest of 2,726 plans among Massachusetts employers on file, and the 172nd of 1,311 in arts, entertainment & recreation. In 2024, employees put in $1.17 for every $1.00 the employer contributed; active participation has grown from 162 to 211 since 2022.

Plan summary
Net assets, end of year$57,822,847
Participants with balances214
Active participants211
Employer contributions$1,866,290
Employee contributions$2,191,558
Employer contribution per active participant$8,845
Average account balance$270,200
Benefits paid to participants$2,184,888
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$57.8M · 214 accts · $1.9M emplr
2023$48.4M · 191 accts · $1.5M emplr
2022$39.5M · 170 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Investment management$62,904
Audit (IQPA)$10,546
Total administrative$73,450
The Banner Seventeen, LLC 401(k) match · 2024
Employer contribution per active participant$8,845
Median for plans this size$3,635
2024$8,845 per active participant
2023$7,673 per active participant
2022$8,629 per active participant

Banner Seventeen, LLC's 2024 employer contribution ran above the $3,635 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.

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
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$57,257
PETER TAWNEY DBA TAWNEY PLLC · Accounting / audit$10,546
EMPOWER ADVISORY GROUP, LLC · Investment management$5,647

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

Administrative cost history3
2024$73,450 · 0.14%
2023$68,806 · 0.16%
2022$127,216 · 0.30%
Same employer
Similar plansArts, Entertainment & Recreation · Massachusetts
Museum of Fine Arts MA$208.0M · 0.04%
Dk Crown Holdings, Inc. MA$189.0M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300136909 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.