Plan Ledger DOL Form 5500 · updated monthly

Bwc Holdings, Inc.401(k)

BWC HOLDINGS, INC. 401(K) · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Bwc Holdings, Inc. reported $28,001 in plan administrative expenses for 2024: 0.43% of average plan assets, below the peer median. Employer contributions averaged $2,725 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 3 years on file its reported administrative ratio has held roughly steady near 0.43%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Massachusetts (2,119th of 2,726), and 4,247th of 4,798 in finance & insurance. In 2024, employees put in $3.56 for every $1.00 the employer contributed; active participation has grown from 77 to 112 since 2022.

Plan summary
Net assets, end of year$7,272,768
Participants with balances126
Active participants112
Employer contributions$305,154
Employee contributions$1,085,940
Employer contribution per active participant$2,725
Average account balance$57,720
Benefits paid to participants$890,994
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 126 accts · $305K emplr
2023$5.7M · 116 accts · $265K emplr
2022$4.6M · 109 accts · $218K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,001
Total administrative$28,001
The Bwc Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$2,725
Median for plans this size$1,313
2024$2,725 per active participant
2023$2,229 per active participant
2022$2,830 per active participant

Bwc Holdings, Inc.'s 2024 employer contribution ran above the $1,313 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
COMMONWEALTH EQUITY SERVICES LLC · Investment advisory (plan)$8,229
CENTRAL COAST WEALTH MANAGEMENT · Investment advisory (plan)$6,270
PENTEGRA SERVICES, INC. · Contract administrator$4,731
LEAFHOUSE FINANCIAL ADVISORS, LLC$2,332

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$28,001 · 0.43%
2023$24,867 · 0.48%
2022$21,282 · 0.44%
Similar plansFinance & Insurance · Massachusetts
Lendbuzz, Inc. MA$7.9M · 0.40%
Bay State Savings Bank MA$7.5M · 0.00%
Sungage Financial, LLC MA$7.3M · 0.03%
Insurify, Inc MA$5.9M · 0.14%
Xceedance, Inc. MA$5.0M · 0.38%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 364815977 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.