Plan Ledger DOL Form 5500 · updated monthly

Brockton Area Multi-Services, Inc.403(b)

BAMSI 403(B) RETIREMENT PLAN · BROCKTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Brockton Area Multi-Services, Inc. reported $62,216 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $6 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 5 years on file its reported administrative ratio fell from 0.49% to 0.43%. 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 (1,502nd of 2,726), and the 4,296th of 11,911 in health care & social assistance. In 2024, employees put in $304.26 for every $1.00 the employer contributed; active participation has shrunk from 1,760 to 1,476 since 2019.

Plan summary
Net assets, end of year$16,063,424
Participants with balances707
Active participants1,476
Employer contributions$8,184
Employee contributions$2,490,037
Employer contribution per active participant$6
Average account balance$22,721
Benefits paid to participants$1,206,583
Plan auditUnmodified (clean) audit opinion
Plan history5
Yearassets · accounts · employer contribution
2024$16.1M · 707 accts · $8K emplr
2023$12.8M · 496 accts · $21K emplr
2022$10.6M · 442 accts · $454K emplr
2020$9.1M · 354 accts · $366K emplr
2019$6.8M · 391 accts · $164K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,216
Total administrative$62,216
Employer contributions to the Brockton Area Multi-Services, Inc. plan · 2024
Employer contribution per active participant$6
Median for plans this size$2,416
2024$6 per active participant
2023$14 per active participant
2022$309 per active participant
2020$234 per active participant
2019$93 per active participant

Brockton Area Multi-Services, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20241
ANGELL PENSION GROUP · Other servicesindirect comp

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

Administrative cost history5
2024$62,216 · 0.43%
2023$68,846 · 0.59%
2022$86,157 · 0.80%
2020$74,913 · 0.94%
2019$30,264 · 0.49%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Holyoke Health Center, Inc. MA$16.6M · 0.07%
Bridgewell, Incorporated MA$16.5M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042562377 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.