Plan Ledger DOL Form 5500 · updated monthly

Boston Sports and Shoulder Center, LLC401(k)

BSSC RETIREMENT PLAN · WALTHAM, 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

Boston Sports and Shoulder Center, LLC reported $52,372 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $7,420 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 1 year on file its reported administrative ratio rose from 0.12% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (1,453rd of 2,726), and the 4,140th of 11,911 in health care & social assistance. In 2024, the employer put in $1.04 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$16,947,529
Participants with balances145
Active participants150
Employer contributions$1,113,052
Employee contributions$1,066,789
Employer contribution per active participant$7,420
Average account balance$116,880
Benefits paid to participants$97,699
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$16.9M · 145 accts · $1.1M emplr
2023$13.6M · 172 accts · $381K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,372
Total administrative$52,372
The Boston Sports and Shoulder Center, LLC 401(k) match · 2024
Employer contribution per active participant$7,420
Median for plans this size$2,416
2024$7,420 per active participant
2023$2,929 per active participant

Boston Sports and Shoulder Center, LLC'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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$50,599
WELLS THOMAS, LLC · Recordkeeping · Loan processing$1,775
SANCTUARY SECURITIES INC · Insurance broker · Insurance servicesindirect comp
SNOWDEN INSURANCE SERVICES LLC · Insurance broker · Insurance servicesindirect comp

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

Recordkeeper by year2
2024Transamerica, WELLS THOMAS, LLC
2023Transamerica, WELLS THOMAS, LLC

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Administrative cost history2
2024$52,372 · 0.34%
2023$15,687 · 0.12%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Upstream USA, Inc. MA$17.5M · 0.44%
Dothouse Health MA$17.0M · 0.50%
Holyoke Health Center, Inc. MA$16.6M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202838785 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.