Plan Ledger DOL Form 5500 · updated monthly

Bay State Community Services, Inc.403(b)

BAY STATE COMMUNITY SERVICES, INC. RETIREMENT PLAN · QUINCY, MA · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Bay State Community Services, Inc. reported $19,799 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $589 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 0.21% to 0.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (2,072nd of 2,726), and 6,553rd of 11,911 in health care & social assistance. In 2024, employees put in $2.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,748,292
Participants with balances350
Active participants414
Employer contributions$243,700
Employee contributions$698,044
Employer contribution per active participant$589
Average account balance$22,138
Benefits paid to participants$400,468
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 350 accts · $244K emplr
2023$6.0M · 219 accts · $193K emplr
2022$5.2M · 256 accts · $173K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,196
Investment management$603
Total administrative$19,799
Employer contributions to the Bay State Community Services, Inc. plan · 2024
Employer contribution per active participant$589
Median for plans this size$1,313
2024$589 per active participant
2023$469 per active participant
2022$446 per active participant

Bay State Community Services, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$603

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$19,799 · 0.29%
2023$12,935 · 0.23%
2022$11,224 · 0.21%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Community Catalyst, Inc. MA$7.9M · 0.34%
Health Leads, Inc. MA$7.8M · 0.07%
Work, Inc. MA$7.7M · 0.02%
Lifepath, Inc. MA$7.6M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042468492 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.