Plan Ledger DOL Form 5500 · updated monthly

Commonwealth of Massachusetts Office of the Treasurer & Receiver Gener401(k)

MASSACHUSETTS DEFINED CONTRIBUTION CORE PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Commonwealth of Massachusetts Office of the Treasurer & Receiver Gener reported $85,120 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $1,352 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 0.24% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other public administration employers. By assets it is the 756th-largest of 2,726 plans among Massachusetts employers on file, and the 20th of 90 in public administration. In 2024, employees put in $2.38 for every $1.00 the employer contributed; active participation has grown from 1,424 to 2,432 since 2022.

Plan summary
Net assets, end of year$44,713,893
Participants with balances2,298
Active participants2,432
Employer contributions$3,289,080
Employee contributions$7,834,021
Employer contribution per active participant$1,352
Average account balance$19,458
Benefits paid to participants$3,205,024
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$44.7M · 2,298 accts · $3.3M emplr
2023$31.0M · 1,802 accts · $2.6M emplr
2022$18.9M · 1,355 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,972
Investment management$33,148
Total administrative$85,120
The Commonwealth of Massachusetts Office of the Treasurer & Receiver Gener 401(k) match · 2024
Employer contribution per active participant$1,352
Median for plans this size$2,416
2024$1,352 per active participant
2023$1,339 per active participant
2022$1,351 per active participant

Commonwealth of Massachusetts Office of the Treasurer & Receiver Gener'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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$33,148

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$85,120 · 0.22%
2023$56,979 · 0.23%
2022$39,705 · 0.24%
Similar plansPublic Administration · Massachusetts
Tachi Yokut Tribe CA$51.1M · 0.07%
Sault Tribe MI$49.8M · 0.39%
The British Embassy DC$46.5M · 0.31%
Oneida Nation WI$43.3M · 0.33%
Jamestown S'Klallam Tribe WA$34.5M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 046002284 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.