Plan Ledger DOL Form 5500 · updated monthly

Bay State Milling Company401(k)

THE BAY STATE MILLING COMPANY RETIREMENT PLAN · QUINCY, MA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Bay State Milling Company reported $68,005 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $3,861 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 0.09% to 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 453rd-largest of 2,726 plans among Massachusetts employers on file, and the 2,013th of 13,661 in manufacturing. In 2024, employees put in $2.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$92,010,868
Participants with balances786
Active participants629
Employer contributions$2,428,709
Employee contributions$5,923,195
Employer contribution per active participant$3,861
Average account balance$117,062
Benefits paid to participants$7,439,589
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$92.0M · 786 accts · $2.4M emplr
2023$80.2M · 764 accts · $2.3M emplr
2022$68.3M · 741 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,074
Investment management$11,388
Total administrative$68,005
The Bay State Milling Company 401(k) match · 2024
Employer contribution per active participant$3,861
Median for plans this size$3,635
2024$3,861 per active participant
2023$3,853 per active participant
2022$3,821 per active participant

Bay State Milling Company'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 · 20243
T ROWE PRICE RPS INC · Recordkeeping · Trustee$12,074
FIDUCIENT ADVISORS · Consulting$44,546
NAPATREE CAPITAL LLC · Investment advisory (participants)$11,388

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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

Administrative cost history3
2024$68,005 · 0.08%
2023$47,466 · 0.06%
2022$67,608 · 0.09%
Same employer
Similar plansManufacturing · Massachusetts
Gorton's Inc. MA$95.3M · 0.04%
E Ink Corporation MA$95.2M · 0.21%
Web Industries, Inc. MA$92.4M · 0.00%
Monotype Imaging Inc. MA$91.3M · 0.07%
Harvey Industries, LLC MA$89.1M · 0.36%
Symbotic LLC MA$88.9M · 0.33%
New England Controls, Inc. MA$88.6M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410141850 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.