Plan Ledger DOL Form 5500 · updated monthly

Berkshire Corporation401(k)

BERKSHIRE CORPORATION 401(K) SAVINGS PLAN · GT BARRINGTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Berkshire Corporation reported $49,910 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $2,123 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 0.30% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Massachusetts (1,561st of 2,726), and 7,205th of 13,661 in manufacturing. In 2024, employees put in $3.38 for every $1.00 the employer contributed; active participation has grown from 130 to 150 since 2022.

Plan summary
Net assets, end of year$14,614,177
Participants with balances158
Active participants150
Employer contributions$318,477
Employee contributions$1,076,507
Employer contribution per active participant$2,123
Average account balance$92,495
Benefits paid to participants$1,751,754
Plan auditUnmodified (clean) audit opinion
AuditorADELSON & COMPANY PC
Plan history3
Yearassets · accounts · employer contribution
2024$14.6M · 158 accts · $318K emplr
2023$13.3M · 153 accts · $293K emplr
2022$11.2M · 139 accts · $251K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,910
Total administrative$49,910
The Berkshire Corporation 401(k) match · 2024
Employer contribution per active participant$2,123
Median for plans this size$2,416
2024$2,123 per active participant
2023$2,079 per active participant
2022$1,933 per active participant

Berkshire Corporation's 2024 employer contribution ran below the $2,416 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$49,909
S B H U LIFE AGENCY INC · Other servicesindirect comp

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$49,910 · 0.36%
2023$45,158 · 0.37%
2022$34,613 · 0.30%
Same employer
Similar plansManufacturing · Massachusetts
Bradford & Bigelow, Inc. MA$15.3M · 0.36%
Lenco Industries, Inc. MA$15.0M · 0.81%
Desktop Labs Inc. MA$14.9M · 0.30%
Boston Centerless Inc. MA$14.5M · 0.27%
Savage Arms, Inc. MA$14.4M · 0.19%
Zink Holdings LLC MA$14.3M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042427154 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.