Plan Ledger DOL Form 5500 · updated monthly

Charles River Medical Associates PC401(k)

CHARLES RIVER MEDICAL ASSOCIATES, P.C. 401(K) RETIREMENT PLAN · FRAMINGHAM, MA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Charles River Medical Associates PC reported $38,289 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,375 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 0.031% to 0.032%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 366th-largest of 2,726 plans among Massachusetts employers on file, and the 887th of 11,911 in health care & social assistance. In 2024, the employer put in $1.13 for every $1.00 employees contributed themselves; active participation has grown from 363 to 490 since 2022.

Plan summary
Net assets, end of year$127,103,451
Participants with balances658
Active participants490
Employer contributions$3,123,989
Employee contributions$2,758,007
Employer contribution per active participant$6,375
Average account balance$193,166
Benefits paid to participants$7,200,211
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$127.1M · 658 accts · $3.1M emplr
2023$108.9M · 633 accts · $2.9M emplr
2022$86.3M · 629 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50
Investment management$38,239
Total administrative$38,289
The Charles River Medical Associates PC 401(k) match · 2024
Employer contribution per active participant$6,375
Median for plans this size$3,635
2024$6,375 per active participant
2023$6,379 per active participant
2022$7,019 per active participant

Charles River Medical Associates PC's 2024 employer contribution ran above the $3,635 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.

Service providers · 20241

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$38,289 · 0.03%
2023$30,743 · 0.03%
2022$29,072 · 0.03%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Commonwealth Care Alliance MA$128.4M · 0.15%
Alerislife, Inc. MA$128.3M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043260427 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.