Plan Ledger DOL Form 5500 · updated monthly

Greater Lawrence Community Action Council Inc.403(b)

GREATER LAWRENCE COMMUNITY ACTION COUNCIL INC. 403B PLAN · LAWRENCE, MA · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Greater Lawrence Community Action Council Inc. reported $19,026 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $597 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 0.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (2,139th of 2,726), and 6,815th of 11,911 in health care & social assistance. In 2024, employees put in $2.38 for every $1.00 the employer contributed; active participation has shrunk from 406 to 311 since 2022.

Plan summary
Net assets, end of year$7,104,968
Participants with balances216
Active participants311
Employer contributions$185,660
Employee contributions$441,316
Employer contribution per active participant$597
Average account balance$32,893
Benefits paid to participants$599,784
Plan auditUnmodified (clean) audit opinion
AuditorANSTISS & CO., P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 216 accts · $186K emplr
2023$6.2M · 199 accts · $160K emplr
2022$5.5M · 196 accts · $147K emplr
Employer contributions to the Greater Lawrence Community Action Council Inc. plan · 2024
Employer contribution per active participant$597
Median for plans this size$1,313
2024$597 per active participant
2023$371 per active participant
2022$363 per active participant

Greater Lawrence Community Action Council Inc.'s 2024 employer contribution ran below the $1,313 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 SEC. CORP LLC · Recordkeeping · Loan processing$5,471

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
2023OneAmerica

This plan has changed recordkeepers within these filings. If you left Greater Lawrence Community Action Council Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$19,026 · 0.29%
2023$19,047 · 0.33%
2022$18,856 · 0.30%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Glenmeadow, Inc. MA$7.2M · 0.78%
Mamary, Inc. MA$7.1M · 0.38%
Loomis House, Inc. MA$7.1M · 0.81%
Self Help Inc MA$6.9M · 0.43%
Guidewire, Inc. MA$6.9M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042397449 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.