Plan Ledger DOL Form 5500 · updated monthly

Boys & Girls Village, Inc.401(k)

BOYS & GIRLS VILLAGE INC. RETIRMENT PLAN · MILFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Boys & Girls Village, Inc. reported $39,464 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $1,616 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 fell from 0.65% to 0.54%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Connecticut (816th of 1,106), and 6,476th of 11,911 in health care & social assistance. In 2024, employees put in $1.04 for every $1.00 the employer contributed; active participation has grown from 224 to 263 since 2022.

Plan summary
Net assets, end of year$7,952,658
Participants with balances278
Active participants263
Employer contributions$424,992
Employee contributions$440,018
Employer contribution per active participant$1,616
Average account balance$28,607
Benefits paid to participants$318,304
Plan auditUnmodified (clean) audit opinion
AuditorBEERS HAMERMAN COHEN & BURGER, PC
Plan history3
Yearassets · accounts · employer contribution
2024$8.0M · 278 accts · $425K emplr
2023$6.6M · 246 accts · $336K emplr
2022$5.8M · 253 accts · $312K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,600
Investment management$36,864
Total administrative$39,464
The Boys & Girls Village, Inc. 401(k) match · 2024
Employer contribution per active participant$1,616
Median for plans this size$1,313
2024$1,616 per active participant
2023$1,346 per active participant
2022$1,392 per active participant

Boys & Girls Village, Inc.'s 2024 employer contribution ran above the $1,313 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
EDWARD JONES · Investment advisory (plan)$16,212
WELLS THOMAS, LLC · Contract administrator$3,450
PENSIONS INC. DBA PENSIONS PLUS · Contract administrator$300

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$39,464 · 0.54%
2023$40,081 · 0.64%
2022$39,802 · 0.65%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Whitney Center, Inc. CT$9.0M · 0.56%
Horizons Programs, Inc. CT$8.9M · 0.22%
Solinsky Eyecare LLC CT$8.2M · 0.32%
New Opportunities, Inc. CT$7.9M · 0.43%
Community Options, Inc. CT$7.8M · 0.37%
Marc, Inc. of Manchester CT$7.8M · 1.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222562827 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.