Plan Ledger DOL Form 5500 · updated monthly

Boch Enterprises401(k)

EMPLOYEES' PROFIT SHARING PLAN AND TRUST OF BOCH ENTERPRISES · NORWOOD, MA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Boch Enterprises reported $118,422 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $6,513 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 3 years on file its reported administrative ratio has held roughly steady near 0.295%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 788th-largest of 2,726 plans among Massachusetts employers on file, and the 981st of 4,246 in wholesale trade. In 2024, employees put in $1.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$42,271,532
Participants with balances269
Active participants187
Employer contributions$1,217,979
Employee contributions$1,657,752
Employer contribution per active participant$6,513
Average account balance$157,143
Benefits paid to participants$3,674,932
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM SMITH AND BROWN PC
Plan history3
Yearassets · accounts · employer contribution
2024$42.3M · 269 accts · $1.2M emplr
2023$37.9M · 277 accts · $1.1M emplr
2022$31.4M · 263 accts · $997K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,567
Investment management$12,804
Total administrative$118,422
The Boch Enterprises 401(k) match · 2024
Employer contribution per active participant$6,513
Median for plans this size$2,416
2024$6,513 per active participant
2023$5,580 per active participant
2022$5,477 per active participant

Boch Enterprises'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 · 20246
JOHN T. MILES, JR. · Consulting$28,003
EMPOWER ADVISORY GROUP, LLC · Investment management$7,918
ENVESTNET RETIREMENT SOLUTIONS, LLC · Investment advisory (plan)$4,886
ENVESTNET INC DBA ENVESTNET RETIREM$4,617
MML INVESTORS SERVICES LLCindirect 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$118,422 · 0.30%
2023$69,588 · 0.20%
2022$101,168 · 0.30%
Similar plansWholesale Trade · Massachusetts
Brockway-Smith Company MA$47.1M · 0.14%
Plumbers' Supply Company MA$46.1M · 0.34%
Lbd Parent Holdings LLC MA$37.5M · 0.36%
Burke Distributing Co. LLC MA$35.1M · 0.13%
Source Code Holdings LLC MA$34.7M · 0.06%
Cape Cod Lumber Co., Inc. MA$32.3M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042050016 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.