Business & Professional Exchan401(k)
BUSINESS & PROFESSIONAL EXCHAN 401(K) PROFIT SHARING PLAN & TRUST · BEVERLY, MA · plan year 2023
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Business & Professional Exchan reported $10,009 in plan administrative expenses for 2023: 0.91% of average plan assets, higher than ~75% of peers. Employer contributions averaged $274 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.
The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Massachusetts (2,628th of 2,726), and 2,128th of 2,534 in administrative & support services. In 2023, employees put in $5.86 for every $1.00 the employer contributed.
Business & Professional Exchan's 2023 employer contribution ran below the $1,308 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 043139009 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.