Plan Ledger DOL Form 5500 · updated monthly

Citizens for Citizens, Inc.403(b)

CITIZENS FOR CITIZENS, INC. TAX SHELTERED ANNUITY PLAN · FALL RIVER, MA · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Citizens for Citizens, Inc. reported $48,340 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $1,553 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 0.40% to 0.43%. 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 (1,779th of 2,726), and the 1,523rd of 3,341 in other services. In 2024, employees put in $1.44 for every $1.00 the employer contributed; active participation has grown from 209 to 245 since 2022.

Plan summary
Net assets, end of year$11,486,196
Participants with balances175
Active participants245
Employer contributions$380,433
Employee contributions$548,288
Employer contribution per active participant$1,553
Average account balance$65,635
Benefits paid to participants$1,577,170
Plan auditDisclaimer of opinion
AuditorDANIEL DENNIS & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 175 accts · $380K emplr
2023$10.9M · 167 accts · $327K emplr
2022$10.0M · 152 accts · $279K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,340
Total administrative$48,340
Employer contributions to the Citizens for Citizens, Inc. plan · 2024
Employer contribution per active participant$1,553
Median for plans this size$2,416
2024$1,553 per active participant
2023$1,384 per active participant
2022$1,337 per active participant

Citizens for Citizens, Inc.'s 2024 employer contribution ran below 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.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$48,340
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$48,340 · 0.43%
2023$44,635 · 0.43%
2022$45,782 · 0.40%
Same employer
Similar plansOther Services · Massachusetts
Proteus Fund Inc. MA$13.0M · 0.26%
Rogerson Communities MA$10.7M · 0.16%
Anton's Cleaners, Inc. MA$10.4M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 046134724 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.