Plan Ledger DOL Form 5500 · updated monthly

Bluestone Bank401(k)

BLUESTONE BANK 401(K) PLAN · RAYNHAM, MA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Bluestone Bank reported $104,539 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $6,860 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 0.20% to 0.34%. 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 the 953rd-largest of 2,726 plans among Massachusetts employers on file, and the 2,300th of 4,798 in finance & insurance. In 2024, employees put in $1.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$32,412,358
Participants with balances226
Active participants160
Employer contributions$1,097,636
Employee contributions$1,365,216
Employer contribution per active participant$6,860
Average account balance$143,418
Benefits paid to participants$2,819,459
Plan auditUnmodified (clean) audit opinion
AuditorBAKER NEWMAN NOYES LLC
Plan history3
Yearassets · accounts · employer contribution
2024$32.4M · 226 accts · $1.1M emplr
2023$28.5M · 250 accts · $1.1M emplr
2022$25.4M · 268 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,332
Investment management$60,207
Total administrative$104,539
The Bluestone Bank 401(k) match · 2024
Employer contribution per active participant$6,860
Median for plans this size$2,416
2024$6,860 per active participant
2023$6,931 per active participant
2022$7,041 per active participant

Bluestone Bank's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
JOHN HANCOCK · Recordkeeping · Loan processing$46,174
MERRILL LYNCH · Investment advisory (plan)$58,365

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$104,539 · 0.34%
2023$93,772 · 0.35%
2022$56,443 · 0.20%
Similar plansFinance & Insurance · Massachusetts
St. Mary's Credit Union MA$34.3M · 0.14%
The Bank of Canton MA$34.0M · 0.00%
Scs Capital Management MA$33.7M · 0.00%
Cornerstone Bank MA$33.4M · 0.21%
Everquote, Inc. MA$31.6M · 0.02%
Liberty Bay Credit Union MA$31.3M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 041118820 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.