Plan Ledger DOL Form 5500 · updated monthly

Danforth Advisors, LLC401(k)

DANFORTH ADVISORS 401(K) PROFIT SHARING PLAN · SOUTHBOROUGH, MA · plan year 2024

Reported admin expense ratio · 2024
0.46%

Danforth Advisors, LLC reported $52,888 in plan administrative expenses for 2024: 0.46% of average plan assets, above the peer median. 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 0.02% to 0.46%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Massachusetts (1,668th of 2,726), and 7,140th of 11,654 in professional & technical services. active participation has shrunk from 193 to 156 since 2022.

Plan summary
Net assets, end of year$12,852,015
Participants with balances142
Active participants156
Employer contributions—
Employee contributions$2,307,551
Employer contribution per active participant—
Average account balance$90,507
Benefits paid to participants$1,623,871
Plan auditUnmodified (clean) audit opinion
AuditorWOLF AND COMPANY P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 142 accts
2023$10.4M · 148 accts
2022$6.9M · 149 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,205
Investment management$50,683
Total administrative$52,888
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 · 20243
GALLAGHER BENEFIT SERVICES · Recordkeeping · Pension consulting$50,683
ADP, INC. · Loan processing · Recordkeeping$2,205
ADP BROKER-DEALERindirect comp

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, GALLAGHER BENEFIT SERVICES
2023ADP

This plan has changed recordkeepers within these filings. If you left Danforth Advisors, LLC 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$52,888 · 0.46%
2023$1,115 · 0.01%
2022$1,141 · 0.02%
Same employer
Similar plansProfessional & Technical Services · Massachusetts
Zai Lab US, LLC MA$13.0M · 0.29%
Trinetx, LLC MA$12.9M · 0.09%
Keros Therapeutics MA$12.9M · 0.01%
Neumora Therapeutics, Inc. MA$12.9M · 0.06%
Carnegie Dartlet, LLC MA$12.8M · 0.57%
Orna Therapeutics, Inc. MA$12.7M · 0.02%
The Phia Group, LLC MA$12.6M · 0.47%
Bergmeyer Associates, Inc. MA$12.6M · 0.43%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 453326309 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.