Plan Ledger DOL Form 5500 · updated monthly

Communities for People, Inc.401(k)

COMMUNITIES FOR PEOPLE, INC. PROFIT SHARING PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.80%

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

Communities for People, Inc. reported $23,336 in plan administrative expenses for 2024: 0.80% of average plan assets, above the peer median. Employer contributions averaged $2,759 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 3 years on file its reported administrative ratio has held roughly steady near 0.80%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (2,468th of 2,726), and 9,097th of 11,911 in health care & social assistance. active participation has grown from 118 to 145 since 2022.

Plan summary
Net assets, end of year$3,220,170
Participants with balances151
Active participants145
Employer contributions$400,000
Employee contributions—
Employer contribution per active participant$2,759
Average account balance$21,326
Benefits paid to participants$39,462
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 151 accts · $400K emplr
2023$2.6M · 154 accts · $300K emplr
2022$2.1M · 105 accts · $250K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,065
Investment management$6,271
Total administrative$23,336
The Communities for People, Inc. 401(k) match · 2024
Employer contribution per active participant$2,759
Median for plans this size$1,313
2024$2,759 per active participant
2023$2,400 per active participant
2022$2,119 per active participant

Communities for People, Inc.'s 2024 employer contribution ran above the $1,313 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
ADP, INC. · Recordkeeping$17,065
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$6,271

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

Recordkeeper by year2
2024ADP, GLOBAL RETIREMENT PARTNERS
2023ADP

This plan has changed recordkeepers within these filings. If you left Communities for People, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$23,336 · 0.80%
2023$18,251 · 0.78%
2022$16,158 · 0.81%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Eleanor Health Inc MA$3.4M · 0.29%
Bane Quality Care, LLC MA$3.4M · 0.81%
Bass River, Inc. MA$3.3M · 1.09%
Henry C. Nevins Home Inc. MA$2.9M · 1.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042573248 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.