Plan Ledger DOL Form 5500 · updated monthly

Central Boston Elder Services, Inc.403(b)

CENTRAL BOSTON ELDER SERVICES, INC. 403(B) RETIREMENT PLAN · ROXBURY, MA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Central Boston Elder Services, Inc. reported $12,836 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,480 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 fell from 0.11% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Massachusetts (1,468th of 2,726), and the 1,199th of 3,341 in other services. In 2024, employees put in $1.65 for every $1.00 the employer contributed; active participation has grown from 162 to 213 since 2022.

Plan summary
Net assets, end of year$16,694,426
Participants with balances284
Active participants213
Employer contributions$528,182
Employee contributions$870,804
Employer contribution per active participant$2,480
Average account balance$58,783
Benefits paid to participants$1,023,647
Plan auditUnmodified (clean) audit opinion
AuditorDANIEL DENNIS & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.7M · 284 accts · $528K emplr
2023$14.9M · 299 accts · $494K emplr
2022$12.7M · 257 accts · $481K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,474
Total administrative$12,836
Employer contributions to the Central Boston Elder Services, Inc. plan · 2024
Employer contribution per active participant$2,480
Median for plans this size$2,416
2024$2,480 per active participant
2023$2,805 per active participant
2022$2,972 per active participant

Central Boston Elder Services, Inc.'s 2024 employer contribution ran above the $2,416 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$12,836 · 0.08%
2023$8,520 · 0.06%
2022$14,105 · 0.11%
Same employer
Similar plansOther Services · Massachusetts
Berkshire County Arc, Inc. MA$18.9M · 0.12%
Way Finders, Inc. MA$14.2M · 0.04%
Harold Grinspoon Foundation MA$13.4M · 0.44%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 042546441 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.