Plan Ledger DOL Form 5500 · updated monthly

Bip Aligned Equity Holdings LLC401(k)

ALIGNED EQUITY HOLDINGS 401(K) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Bip Aligned Equity Holdings LLC reported $41,487 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $1,697 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 0.14% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Massachusetts (1,743rd of 2,726), and 3,801st of 4,798 in finance & insurance. In 2024, employees put in $1.68 for every $1.00 the employer contributed; active participation has grown from 203 to 383 since 2022.

Plan summary
Net assets, end of year$11,902,168
Participants with balances367
Active participants383
Employer contributions$649,962
Employee contributions$1,089,770
Employer contribution per active participant$1,697
Average account balance$32,431
Benefits paid to participants$3,911,168
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.9M · 367 accts · $650K emplr
2023$11.7M · 450 accts · $769K emplr
2022$5.1M · 177 accts · $98K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,487
Total administrative$41,487
The Bip Aligned Equity Holdings LLC 401(k) match · 2024
Employer contribution per active participant$1,697
Median for plans this size$2,416
2024$1,697 per active participant
2023$1,713 per active participant
2022$484 per active participant

Bip Aligned Equity Holdings LLC'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$59,783
MORNINGSTAR INVESTMENT MANAGEMENT · Contract administrator · Investment advisory (plan)$23,059
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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$41,487 · 0.35%
2023$72,643 · 0.86%
2022$7,102 · 0.14%
Similar plansFinance & Insurance · Massachusetts
Social Finance, Inc. MA$12.3M · 0.09%
Winchester Savings Bank MA$12.1M · 0.00%
Athol Savings Bank MA$12.0M · 0.00%
Monson Savings Bank MA$11.6M · 0.01%
Alira Health Boston, LLC MA$9.6M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 871559419 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.