Plan Ledger DOL Form 5500 · updated monthly

Halloran Consulting Group, Inc.401(k)

HALLORAN RETIREMENT PLAN · BOSTON, MA · plan year 2023

Reported admin expense ratio · 2023
0.53%

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

Halloran Consulting Group, Inc. reported $73,988 in plan administrative expenses for 2023: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $7,601 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 0.65% to 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Massachusetts (1,562nd of 2,726), and 6,674th of 11,654 in professional & technical services. In 2023, employees put in $1.99 for every $1.00 the employer contributed; active participation has shrunk from 150 to 113 since 2022.

Plan summary
Net assets, end of year$14,599,275
Participants with balances145
Active participants113
Employer contributions$858,933
Employee contributions$1,710,371
Employer contribution per active participant$7,601
Average account balance$100,685
Benefits paid to participants$4,012,699
Plan auditUnmodified (clean) audit opinion
AuditorMARCUM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.7M · 117 accts · $685K emplr
2023$14.6M · 145 accts · $859K emplr
2022$13.4M · 180 accts · $935K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$73,988
Total administrative$73,988
The Halloran Consulting Group, Inc. 401(k) match · 2023
Employer contribution per active participant$7,601
Median for plans this size$2,440
2024$9,512 per active participant
2023$7,601 per active participant
2022$6,236 per active participant

Halloran Consulting Group, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top 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 · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$74,001
AMERIPRISE FINANCIAL SERVICES INC · Other servicesindirect 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$71,093 · 0.52%
2023$73,988 · 0.53%
2022$89,227 · 0.65%
All plans at this employer2
HALLORAN RETIREMENT PLAN401(k)
HALLORAN CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansProfessional & Technical Services · Massachusetts
World Education, Inc. MA$15.4M · 0.01%
Allen & Gerritsen, Inc. MA$15.2M · 0.35%
Insight Service Group Inc MA$14.9M · 2.64%
Immuta, Inc. MA$14.5M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043408953 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.