Plan Ledger DOL Form 5500 · updated monthly

Bristol County Savings Bank401(k)

SBERA 401(K) PLAN AS ADOPTED BY BRISTOL COUNTY SAVINGS BANK · TAUNTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Bristol County Savings Bank reported $1,220 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,171 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 0.002% to 0.002%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 598th-largest of 2,726 plans among Massachusetts employers on file, and the 1,421st of 4,798 in finance & insurance. In 2024, employees put in $3.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$62,187,260
Participants with balances376
Active participants326
Employer contributions$707,698
Employee contributions$2,273,578
Employer contribution per active participant$2,171
Average account balance$165,392
Benefits paid to participants$2,510,671
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$62.2M · 376 accts · $708K emplr
2023$53.5M · 369 accts · $656K emplr
2022$43.4M · 350 accts · $660K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,220
Total administrative$1,220
The Bristol County Savings Bank 401(k) match · 2024
Employer contribution per active participant$2,171
Median for plans this size$3,635
2024$2,171 per active participant
2023$2,050 per active participant
2022$2,164 per active participant

Bristol County Savings Bank's 2024 employer contribution ran below the $3,635 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.

Administrative cost history3
2024$1,220 · 0.00%
2023$1,100 · 0.00%
2022$750 · 0.00%
Same employer
Similar plansFinance & Insurance · Massachusetts
Fiduciary Trust Company MA$68.1M · 0.01%
Devoted Health, Inc. MA$66.3M · 0.05%
Leader Bank MA$62.6M
POINT32HEALTH MA$61.3M
Glidepath Holdings, Inc. MA$59.5M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043317338 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.