Plan Ledger DOL Form 5500 · updated monthly

Connell Limited Partnership401(k)

CONNELL LIMITED PARTNERSHIP EMPLOYEE RETIREMENT SAVINGS PLAN · BOSTON, MA · plan year 2023

Reported admin expense ratio · 2023
0.09%

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

Connell Limited Partnership reported $33,641 in plan administrative expenses for 2023: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,109 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 has held roughly steady near 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 835th-largest of 2,726 plans among Massachusetts employers on file, and the 3,731st of 13,661 in manufacturing. In 2023, employees put in $3.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$39,296,747
Participants with balances429
Active participants187
Employer contributions$581,366
Employee contributions$1,756,965
Employer contribution per active participant$3,109
Average account balance$91,601
Benefits paid to participants$6,102,655
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$39.3M · 429 accts · $581K emplr
2022$36.8M · 486 accts · $643K emplr
The Connell Limited Partnership 401(k) match · 2023
Employer contribution per active participant$3,109
Median for plans this size$2,440
2023$3,109 per active participant
2022$2,400 per active participant

Connell Limited Partnership's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$34,861

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

Administrative cost history2
2023$33,641 · 0.09%
2022$33,816 · 0.08%
Same employer
Similar plansManufacturing · Massachusetts
Aspen Aerogels, Inc. MA$40.7M · 0.36%
Environmental Systems, Inc. MA$39.9M · 0.49%
Cynosure, LLC MA$39.8M · 0.36%
Anika Therapeutics, Inc. MA$38.9M · 0.08%
Lemaitre Vascular, Inc. MA$38.3M · 0.16%
Advanced Instruments, LLC MA$38.1M · 0.21%
Kayem Foods, Inc. MA$37.9M · 0.45%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 042953203 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.