Greater Lynn Senior Services, Inc.403(b)
GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED ANNUITY PLAN · LYNN, MA · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Greater Lynn Senior Services, Inc. reported $4,387 in plan administrative expenses for 2023: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,237 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 fell from 0.08% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (1,624th of 2,726), and the 4,811th of 11,911 in health care & social assistance. In 2023, employees put in $2.41 for every $1.00 the employer contributed; active participation has grown from 191 to 220 since 2022.
Greater Lynn Senior Services, Inc.'s 2023 employer contribution ran below the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 042581129 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.