Plan Ledger DOL Form 5500 · updated monthly

Claremont Savings Bank401(k)

CLAREMONT SAVINGS BANK 401(K) PROFIT SHARING PLAN & TRUST · CLAREMONT, NH · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Claremont Savings Bank reported $84,642 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,661 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 0.48% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 194th-largest of 411 plans among New Hampshire employers on file, and 3,294th of 4,798 in finance & insurance. In 2024, employees put in $2.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,090,570
Participants with balances106
Active participants83
Employer contributions$220,897
Employee contributions$517,618
Employer contribution per active participant$2,661
Average account balance$161,232
Benefits paid to participants$884,716
Plan history3
Yearassets · accounts · employer contribution
2024$17.1M · 106 accts · $221K emplr
2023$15.0M · 112 accts · $211K emplr
2022$14.9M · 115 accts · $353K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,642
Total administrative$84,642
The Claremont Savings Bank 401(k) match · 2024
Employer contribution per active participant$2,661
Median for plans this size$2,416
2024$2,661 per active participant
2023$2,368 per active participant
2022$3,921 per active participant

Claremont Savings Bank'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.

Service providers · 20242
JOHN HANCOCK USA · Recordkeeping · Investment management$2,178
THE TPA EXPERTS · Pension consulting$2,800

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$84,642 · 0.53%
2023$79,974 · 0.53%
2022$78,299 · 0.48%
Similar plansFinance & Insurance · New Hampshire
Ledyard National Bank NH$21.6M · 0.21%
Harborone Mortgage LLC NH$20.6M · 0.34%
Davis & Towle Group, Inc. NH$18.8M · 0.35%
Alumni Ventures, LLC NH$15.4M · 0.17%
Granite State Credit Union NH$14.0M · 0.33%
Franklin Savings Bank NH$11.3M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020119060 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.