Plan Ledger DOL Form 5500 · updated monthly

Disability Management Services, Inc401(k)

DISABILITY MGMT SERVICES, INC 401K RETIREMENT PLAN · SPRINGFIELD, MA · plan year 2023

Reported admin expense ratio · 2023
0.09%

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

Disability Management Services, Inc reported $48,487 in plan administrative expenses for 2023: 0.09% of average plan assets, below the peer median. Employer contributions averaged $1,498 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 1 year on file its reported administrative ratio fell from 0.12% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other finance & insurance employers. By assets it is the 634th-largest of 2,726 plans among Massachusetts employers on file, and the 1,517th of 4,798 in finance & insurance. In 2023, employees put in $3.14 for every $1.00 the employer contributed; active participation has grown from 192 to 408 since 2022.

Plan summary
Net assets, end of year$57,240,536
Participants with balances467
Active participants408
Employer contributions$611,187
Employee contributions$1,916,605
Employer contribution per active participant$1,498
Average account balance$122,571
Benefits paid to participants$2,884,852
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $362K emplr
2023$57.2M · 467 accts · $611K emplr
2022$45.9M · 234 accts · $360K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$25,311
Total administrative$48,487
The Disability Management Services, Inc 401(k) match · 2023
Employer contribution per active participant$1,498
Median for plans this size$3,659
2023$1,498 per active participant
2022$1,877 per active participant

Disability Management Services, Inc's 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ASCENSUS LLC · Loan processing · Recordkeeping$25,311
FIDUCIENT ADVISORS$23,176

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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Administrative cost history3
2024Not separately reported
2023$48,487 · 0.09%
2022$62,003 · 0.12%
All plans at this employer2
DISABILITY MGMT SERVICES, INC 401K RETIREMENT PLAN401(k)
DAVIES LIFE & HEALTH, INC.401(k)
Similar plansFinance & Insurance · Massachusetts
Newbury Corporation MA$57.3M · 0.09%
Westfield Bank MA$54.2M · 0.19%
Rwa Wealth Partners, LLC MA$52.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061427246 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.