Plan Ledger DOL Form 5500 · updated monthly

Foley Hoag LLP401(k)

FOLEY HOAG, LLP SAVINGS AND RETIREMENT PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Foley Hoag LLP reported $231,970 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $11,984 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 0.06%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 144th-largest of 2,726 plans among Massachusetts employers on file, and the 460th of 11,654 in professional & technical services. In 2024, employees put in $1.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$381,705,301
Participants with balances934
Active participants667
Employer contributions$7,993,056
Employee contributions$9,952,170
Employer contribution per active participant$11,984
Average account balance$408,678
Benefits paid to participants$30,768,065
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$381.7M · 934 accts · $8.0M emplr
2023$339.8M · 927 accts · $7.7M emplr
2022$295.2M · 906 accts · $7.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$136,760
Investment management$72,716
Audit (IQPA)$19,995
Total administrative$231,970
The Foley Hoag LLP 401(k) match · 2024
Employer contribution per active participant$11,984
Median for plans this size$4,294
2024$11,984 per active participant
2023$11,491 per active participant
2022$10,937 per active participant

Foley Hoag LLP's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$140,960
CAPFINANCIAL PARTNERS · Investment advisory (plan)$72,716
GRAY,GRAY AND GRAY LLP · Accounting / audit · Legal$22,494

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$231,970 · 0.06%
2023$211,794 · 0.07%
2022$217,067 · 0.07%
Same employer
Similar plansProfessional & Technical Services · Massachusetts
Aspentech Corporation MA$432.5M · 0.03%
Abt Global Inc MA$427.9M · 0.06%
Goulston & Storrs PC MA$397.6M · 0.09%
Forrester Research Inc MA$357.5M · 0.01%
Cornerstone Research, Inc. MA$346.4M · 0.00%
Intersystems Corporation MA$341.1M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042150535 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.