Plan Ledger DOL Form 5500 · updated monthly

Family Service Assn. of Greate401(k)

403(B) THRIFT PLAN FOR EMPLOYEES OF FAMILY SERVICE ASSN. OF GREATER FALL RIVER, INC. DBA FAMILY SERVICE ASSN. · FALL RIVER, MA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Family Service Assn. of Greate reported $7,731 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,104 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 rose from 0.02% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (1,549th of 2,726), and the 4,509th of 11,911 in health care & social assistance. In 2024, the employer put in $1.02 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$14,923,947
Participants with balances465
Active participants389
Employer contributions$429,399
Employee contributions$420,206
Employer contribution per active participant$1,104
Average account balance$32,095
Benefits paid to participants$1,784,281
Plan auditUnmodified (clean) audit opinion
AuditorDANIEL DENNIS & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$14.9M · 465 accts · $429K emplr
2023$14.0M · 443 accts · $374K emplr
2022$12.2M · 388 accts · $384K emplr
The Family Service Assn. of Greate 401(k) match · 2024
Employer contribution per active participant$1,104
Median for plans this size$2,416
2024$1,104 per active participant
2023$953 per active participant
2022$1,050 per active participant

Family Service Assn. of Greate's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$7,353

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$7,731 · 0.05%
2023$3,086 · 0.02%
2022$3,301 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Springwell, Inc. MA$14.7M · 0.59%
Pediatrics West, P.C. MA$14.2M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042104058 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.