Plan Ledger DOL Form 5500 · updated monthly

Father Bill's & Mainspring, Inc.401(k)

FATHER BILL'S & MAINSPRING, INC. 401(K) PLAN · BROCKTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Father Bill's & Mainspring, Inc. reported $35,740 in plan administrative expenses for 2024: 0.62% of average plan assets, above the peer median. Employer contributions averaged $1,138 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 0.36% to 0.62%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Massachusetts (2,200th of 2,726), and 2,091st of 3,341 in other services. In 2024, the employer put in $1.10 for every $1.00 employees contributed themselves; active participation has grown from 243 to 316 since 2022.

Plan summary
Net assets, end of year$6,435,641
Participants with balances240
Active participants316
Employer contributions$359,687
Employee contributions$326,240
Employer contribution per active participant$1,138
Average account balance$26,815
Benefits paid to participants$220,388
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 240 accts · $360K emplr
2023$5.2M · 218 accts · $371K emplr
2022$4.0M · 171 accts · $348K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,740
Total administrative$35,740
The Father Bill's & Mainspring, Inc. 401(k) match · 2024
Employer contribution per active participant$1,138
Median for plans this size$1,313
2024$1,138 per active participant
2023$1,343 per active participant
2022$1,434 per active participant

Father Bill's & Mainspring, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20241

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

Administrative cost history3
2024$35,740 · 0.62%
2023$27,186 · 0.59%
2022$15,244 · 0.36%
Same employer
Similar plansOther Services · Massachusetts
The Charles River Center MA$6.8M · 0.61%
Wayne Alarm Systems, Inc. MA$6.6M · 0.01%
Campion Center Inc. MA$6.0M · 0.02%
Leo, Inc. MA$5.9M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222538039 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.