Plan Ledger DOL Form 5500 · updated monthly

Hillcrest Educational Foundation, Inc.403(b)

HILLCREST EDUCATIONAL FOUNDATION, INC. 403(B) PLAN · PITTSFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Hillcrest Educational Foundation, Inc. reported $70,679 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $1,592 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 rose from 0.19% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 1,033rd-largest of 2,726 plans among Massachusetts employers on file, and the 1,308th of 3,091 in educational services. In 2024, employees put in $1.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,122,792
Participants with balances701
Active participants595
Employer contributions$947,218
Employee contributions$1,408,422
Employer contribution per active participant$1,592
Average account balance$41,545
Benefits paid to participants$1,482,941
Plan auditUnmodified (clean) audit opinion
AuditorLOMBARDI & KEEGAN
Plan history3
Yearassets · accounts · employer contribution
2024$29.1M · 701 accts · $947K emplr
2023$24.9M · 674 accts · $900K emplr
2022$20.9M · 652 accts · $928K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,679
Total administrative$70,679
Employer contributions to the Hillcrest Educational Foundation, Inc. plan · 2024
Employer contribution per active participant$1,592
Median for plans this size$2,416
2024$1,592 per active participant
2023$1,599 per active participant
2022$1,705 per active participant

Hillcrest Educational Foundation, Inc.'s 2024 employer contribution ran below the $2,416 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$70,507
THE ANGELL PENSION GROUP · Contract administrator · Other services$750
LPL FINANCIAL LLC - RPCP · 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$70,679 · 0.26%
2023$47,767 · 0.21%
2022$44,772 · 0.19%
Similar plansEducational Services · Massachusetts
Brookwood School MA$31.1M · 0.00%
Shore Country Day School MA$30.4M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800545676 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.