Plan Ledger DOL Form 5500 · updated monthly

Bvi401(k)

BVI RETIREMENT SAVINGS PLAN · WALTHAM, MA · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Bvi reported $85,104 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $4,488 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 0.29% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,275th-largest of 2,726 plans among Massachusetts employers on file, and the 5,793rd of 13,661 in manufacturing. In 2024, employees put in $2.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,711,120
Participants with balances335
Active participants222
Employer contributions$996,341
Employee contributions$2,310,617
Employer contribution per active participant$4,488
Average account balance$61,824
Benefits paid to participants$4,125,896
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.7M · 335 accts · $996K emplr
2023$18.7M · 341 accts · $1.1M emplr
2022$16.6M · 317 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,085
Investment management$33,723
Audit (IQPA)$13,298
Total administrative$85,104
The Bvi 401(k) match · 2024
Employer contribution per active participant$4,488
Median for plans this size$2,416
2024$4,488 per active participant
2023$4,965 per active participant
2022$4,821 per active participant

Bvi'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 · 20245
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$38,082
TOWERS WATSON INVESTMENT SERVICES I · Investment advisory (plan)$14,583
CARON & BLETZER, PLLC · Accounting / audit$13,298
KESTRA INVESTMENT SERVICES LLC · Investment advisory (plan)$10,415
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$8,725

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$85,104 · 0.43%
2023$147,699 · 0.84%
2022$50,344 · 0.29%
Same employer
Similar plansManufacturing · Massachusetts
Interprint, Inc. MA$21.4M · 0.33%
Sun Gro Holdings Inc. MA$21.3M · 0.06%
Nova Ventures Group Corp. MA$21.2M · 0.01%
Krohne, Inc. MA$21.1M · 0.19%
Incom, Inc. MA$20.7M · 0.10%
Onset Computer Corporation MA$20.5M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042378496 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.