Plan Ledger DOL Form 5500 · updated monthly

Habilitation Assistance Corporation401(k)

HABILITATION ASSISTANCE CORPORATION 401K PLAN · PLYMOUTH, MA · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Habilitation Assistance Corporation reported $33,653 in plan administrative expenses for 2024: 0.38% of average plan assets, below the peer median. Employer contributions averaged $2,008 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 0.38%. 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 (1,952nd of 2,726), and the 5,942nd of 11,911 in health care & social assistance. In 2024, employees put in $1.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,305,203
Participants with balances161
Active participants139
Employer contributions$279,107
Employee contributions$358,347
Employer contribution per active participant$2,008
Average account balance$57,796
Benefits paid to participants$748,878
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.3M · 161 accts · $279K emplr
2023$8.3M · 166 accts · $300K emplr
2022$7.6M · 153 accts · $300K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,653
Total administrative$33,653
The Habilitation Assistance Corporation 401(k) match · 2024
Employer contribution per active participant$2,008
Median for plans this size$1,313
2024$2,008 per active participant
2023$2,158 per active participant
2022$2,256 per active participant

Habilitation Assistance Corporation's 2024 employer contribution ran above the $1,313 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 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$33,653
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · 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 history3
2024$33,653 · 0.38%
2023$27,966 · 0.35%
2022$27,680 · 0.37%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Health Imperatives, Inc. MA$9.5M · 0.25%
Soldier on, Inc. MA$9.1M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042797974 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.