Plan Ledger DOL Form 5500 · updated monthly

Greater Springfield Senior Services403(b)

GREATER SPRINGFIELD SENIOR SERVICES 403(B) THRIFT PLAN · SPRINGFIELD, MA · plan year 2025

Reported admin expense ratio · 2025
0.36%

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

Greater Springfield Senior Services reported $44,935 in plan administrative expenses for 2025: 0.36% of average plan assets, above the peer median. Employer contributions averaged $2,753 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 4 years on file its reported administrative ratio has held roughly steady near 0.364%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Massachusetts (1,659th of 2,726), and the 1,413th of 3,341 in other services. In 2025, employees put in $1.12 for every $1.00 the employer contributed; active participation has grown from 209 to 230 since 2022.

Plan summary
Net assets, end of year$12,942,901
Participants with balances237
Active participants230
Employer contributions$633,169
Employee contributions$708,710
Employer contribution per active participant$2,753
Average account balance$54,611
Benefits paid to participants$1,378,800
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$12.9M · 237 accts · $633K emplr
2024$11.7M · 224 accts · $532K emplr
2023$10.5M · 218 accts · $474K emplr
2022$9.3M · 201 accts · $438K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$44,935
Total administrative$44,935
Employer contributions to the Greater Springfield Senior Services plan · 2025
Employer contribution per active participant$2,753
Median for plans this size$2,666
2025$2,753 per active participant
2024$2,364 per active participant
2023$2,175 per active participant
2022$2,098 per active participant

Greater Springfield Senior Services's 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$44,935
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)indirect comp

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

Administrative cost history4
2025$44,935 · 0.36%
2024$41,327 · 0.37%
2023$37,317 · 0.38%
2022$36,064 · 0.36%
Same employer
Similar plansOther Services · Massachusetts
Way Finders, Inc. MA$14.2M · 0.04%
Harold Grinspoon Foundation MA$13.4M · 0.44%
Proteus Fund Inc. MA$13.0M · 0.26%
Citizens for Citizens, Inc. MA$11.5M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042510895 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.