Plan Ledger DOL Form 5500 · updated monthly

Ceres, Inc.403(b)

CERES - 403(B) DC PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Ceres, Inc. reported $54,484 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $4,426 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 0.23% to 0.22%. 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 the 1,055th-largest of 2,726 plans among Massachusetts employers on file, and the 782nd of 3,341 in other services. In 2024, employees put in $2.47 for every $1.00 the employer contributed; active participation has shrunk from 204 to 177 since 2022.

Plan summary
Net assets, end of year$28,002,494
Participants with balances342
Active participants177
Employer contributions$783,361
Employee contributions$1,932,339
Employer contribution per active participant$4,426
Average account balance$81,879
Benefits paid to participants$1,279,380
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.0M · 342 accts · $783K emplr
2023$22.2M · 340 accts · $779K emplr
2022$17.6M · 298 accts · $654K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,484
Total administrative$54,484
Employer contributions to the Ceres, Inc. plan · 2024
Employer contribution per active participant$4,426
Median for plans this size$2,416
2024$4,426 per active participant
2023$3,780 per active participant
2022$3,206 per active participant

Ceres, Inc.'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 · 20242
TIAA · Contract administrator$46,000
FIRST NATIONAL ADVISORS LLC · Investment advisory (plan)$8,483

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$54,484 · 0.22%
2023$45,834 · 0.23%
2022$41,528 · 0.23%
Same employer
Similar plansOther Services · Massachusetts
Aura Sub, LLC MA$31.7M · 0.30%
Harrison Global LLC MA$31.1M · 0.05%
Abel Womack, Inc. MA$29.7M · 0.02%
Harrison Global, LLC MA$27.0M · 0.04%
Northeast Arc, Inc. MA$25.5M · 0.42%
Markforged, Inc MA$22.8M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223053747 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.