Plan Ledger DOL Form 5500 · updated monthly

Frederic L. Chamberlain Center, Inc.401(k)

F.L. CHAMBERLAIN SCHOOL RETIREMENT PLAN · MIDDLEBOROUGH, MA · plan year 2023

Reported admin expense ratio · 2023
1.22%

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

Frederic L. Chamberlain Center, Inc. reported $19,401 in plan administrative expenses for 2023: 1.22% of average plan assets, higher than ~90% of peers. Employer contributions averaged $414 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 5 years on file its reported administrative ratio rose from 0.47% to 1.22%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Massachusetts (2,592nd of 2,726), and 2,896th of 3,091 in educational services. In 2023, employees put in $3.26 for every $1.00 the employer contributed; active participation has shrunk from 129 to 70 since 2018.

Plan summary
Net assets, end of year$1,734,573
Participants with balances123
Active participants70
Employer contributions$29,002
Employee contributions$94,414
Employer contribution per active participant$414
Average account balance$14,102
Benefits paid to participants$55,290
Plan auditUnmodified (clean) audit opinion
AuditorLMHS, PC
Plan history5
Yearassets · accounts · employer contribution
2023$1.7M · 123 accts · $29K emplr
2022$1.4M · 141 accts · $33K emplr
2020$1.4M · 51 accts · $32K emplr
2019$1.1M · 52 accts · $30K emplr
2018$989K · 57 accts · $31K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$19,401
Total administrative$19,401
The Frederic L. Chamberlain Center, Inc. 401(k) match · 2023
Employer contribution per active participant$414
Median for plans this size$1,308
2023$414 per active participant
2022$333 per active participant
2020$365 per active participant
2019$261 per active participant
2018$237 per active participant

Frederic L. Chamberlain Center, Inc.'s 2023 employer contribution ran below the $1,308 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 · 20231
EQUITABLE LIFE INSURANCE COMPANY · Recordkeeping · Investment management$14,047

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

Administrative cost history5
2023$19,401 · 1.22%
2022$16,797 · 1.23%
2020$9,705 · 0.78%
2019$5,501 · 0.52%
2018$5,020 · 0.47%
Same employer
Similar plansEducational Services · Massachusetts
Saga Innovations MA$3.2M · 0.88%
Nurtury, Inc. MA$2.0M · 0.42%
Rce, International IL$1.8M · 1.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042593666 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.