Plan Ledger DOL Form 5500 · updated monthly

Enterprise Bank and Trust Company401(k)

ENTERPRISE BANK AND TRUST COMPANY 401(K) PLAN · LOWELL, MA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Enterprise Bank and Trust Company reported $88,574 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $3,588 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 3 years on file its reported administrative ratio has held roughly steady near 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 365th-largest of 2,726 plans among Massachusetts employers on file, and the 821st of 4,798 in finance & insurance. In 2024, employees put in $2.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$128,072,271
Participants with balances719
Active participants601
Employer contributions$2,156,670
Employee contributions$6,159,842
Employer contribution per active participant$3,588
Average account balance$178,126
Benefits paid to participants$9,596,259
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$128.1M · 719 accts · $2.2M emplr
2023$111.5M · 695 accts · $2.0M emplr
2022$91.9M · 683 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$82,574
Audit (IQPA)$6,000
Total administrative$88,574
The Enterprise Bank and Trust Company 401(k) match · 2024
Employer contribution per active participant$3,588
Median for plans this size$3,635
2024$3,588 per active participant
2023$3,462 per active participant
2022$3,278 per active participant

Enterprise Bank and Trust Company's 2024 employer contribution ran below the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK · Recordkeeping · Loan processing$82,574
BERRY DUNN MCNEIL & PARKER, LLC · Accounting / audit$6,000

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$88,574 · 0.07%
2023$85,414 · 0.08%
2022$73,772 · 0.08%
Same employer
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Fallon Community Health Plan MA$167.2M · 0.13%
Arrowstreet Capital L.P. MA$164.7M · 0.03%
The Baupost Group, L.L.C. MA$156.2M · 0.00%
Berkshire Partners LLC MA$122.4M · 0.06%
Gordon Brothers Group, LLC MA$121.3M · 0.01%
Bracebridge Capital, LLC MA$119.2M · 0.02%
Income Research & Management MA$117.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042993547 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.