Plan Ledger DOL Form 5500 · updated monthly

Digipress dba Spire401(k)

SPIRE 401(K) PLAN · PEABODY, MA · plan year 2022

Reported admin expense ratio · 2022
0.29%

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

Digipress dba Spire reported $44,697 in plan administrative expenses for 2022: 0.29% of average plan assets, above the peer median. Employer contributions averaged $981 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Massachusetts (1,616th of 2,726), and the 827th of 2,534 in administrative & support services. In 2022, employees put in $6.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,609,806
Participants with balances96
Active participants93
Employer contributions$91,251
Employee contributions$568,510
Employer contribution per active participant$981
Average account balance$141,769
Benefits paid to participants$704,614
Plan auditUnmodified (clean) audit opinion
AuditorMAYER HOFFMAN MCCANN PC
The Digipress dba Spire 401(k) match · 2022
Employer contribution per active participant$981
Median for plans this size$2,266

Digipress dba Spire's 2022 employer contribution ran below the $2,266 median for plans its size, in the bottom 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$44,697 · 0.29%
Similar plansAdministrative & Support Services · Massachusetts
C&W Facility Services, Inc. MA$15.0M · 0.27%
Northern Tree Service, LLC MA$14.6M · 0.08%
Foley Holdings, LLC MA$13.5M · 1.01%
Simspace Corporation MA$13.0M · 0.06%
Virtual Incorporated MA$12.7M · 0.36%
Intelycare, Inc. MA$12.4M · 0.73%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 043416169 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.