Plan Ledger DOL Form 5500 · updated monthly

Beacon Hill Staffing Group, LLC401(k)

BEACON HILL STAFFING GROUP, LLC 401(K) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Beacon Hill Staffing Group, LLC reported $215,381 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $4 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 0.11% to 0.23%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 409th-largest of 2,726 plans among Massachusetts employers on file, and the 156th of 2,534 in administrative & support services. In 2024, employees put in $1110.13 for every $1.00 the employer contributed; active participation has grown from 1,768 to 4,053 since 2022.

Plan summary
Net assets, end of year$107,730,443
Participants with balances3,165
Active participants4,053
Employer contributions$16,233
Employee contributions$18,020,710
Employer contribution per active participant$4
Average account balance$34,038
Benefits paid to participants$8,908,170
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$107.7M · 3,165 accts · $16K emplr
2023$83.5M · 2,603 accts · $20 emplr
2022$59.2M · 1,787 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$120,056
Investment management$95,325
Total administrative$215,381
The Beacon Hill Staffing Group, LLC 401(k) match · 2024
Employer contribution per active participant$4
Median for plans this size$3,635
2024$4 per active participant
2023$0 per active participant

Beacon Hill Staffing Group, LLC's 2024 employer contribution ran below the $3,635 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$120,056
STRATEGIC RETIREMENT PLAN · Investment advisory (plan)$95,325

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$215,381 · 0.23%
2023$158,475 · 0.22%
2022$67,823 · 0.11%
Same employer
Similar plansAdministrative & Support Services · Massachusetts
Genesis HR Solutions, Inc. MA$172.1M · 0.45%
United Site Services, Inc MA$96.1M · 0.22%
Alku, LLC MA$65.3M · 0.31%
Veranex, Inc. MA$51.5M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043496741 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.