Plan Ledger DOL Form 5500 · updated monthly

Community Action, Inc.403(b)

COMMUNITY ACTION, INC. TAX SHELTERED ANNUITY PLAN · HAVERHILL, MA · plan year 2024

Employer contribution per participant · 2024
$1,115

Community Action, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $10,175,280 across 180 participant accounts, with employer contributions averaging $1,115 per active participant. See methodology for what Form 5500 does and doesn't capture.

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 (1,882nd of 2,726), and the 5,642nd of 11,911 in health care & social assistance. In 2024, employees put in $2.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,175,280
Participants with balances180
Active participants146
Employer contributions$162,779
Employee contributions$365,759
Employer contribution per active participant$1,115
Average account balance$56,529
Benefits paid to participants$624,549
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.2M · 180 accts · $163K emplr
2023$9.1M · 174 accts · $160K emplr
2022$7.9M · 172 accts · $131K emplr
Employer contributions to the Community Action, Inc. plan · 2024
Employer contribution per active participant$1,115
Median for plans this size$1,313
2024$1,115 per active participant
2023$1,117 per active participant
2022$931 per active participant

Community Action, Inc.'s 2024 employer contribution ran below the $1,313 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022$543 · 0.01%
Similar plansHealth Care & Social Assistance · Massachusetts
Latham Centers, Inc. MA$10.4M · 0.20%
Lasell Village, Inc. MA$10.4M · 0.04%
Podimetrics, Inc MA$10.1M · 0.67%
T2 Biosystems, Inc MA$10.0M · 0.51%
Pride Star Ems MA$10.0M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042383153 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.