Plan Ledger DOL Form 5500 · updated monthly

Home for Aged Women, Inc. D/B/A Goddard House403(b)

GODDARD HOUSE RETIREMENT PLAN · BROOKLINE, MA · plan year 2024

Reported admin expense ratio · 2024
0.98%

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

Home for Aged Women, Inc. D/B/A Goddard House reported $15,114 in plan administrative expenses for 2024: 0.98% of average plan assets, higher than ~75% of peers. Employer contributions averaged $365 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 0.17% to 0.98%. 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 (2,598th of 2,726), and 10,322nd of 11,911 in health care & social assistance. In 2024, employees put in $3.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,672,885
Participants with balances96
Active participants131
Employer contributions$47,794
Employee contributions$168,041
Employer contribution per active participant$365
Average account balance$17,426
Benefits paid to participants$150,246
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.7M · 96 accts · $48K emplr
2023$1.4M · 104 accts · $47K emplr
2022$1.1M · 97 accts · $39K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,158
Audit (IQPA)$10,000
Trustee / custodial$880
Total administrative$15,114
Employer contributions to the Home for Aged Women, Inc. D/B/A Goddard House plan · 2024
Employer contribution per active participant$365
Median for plans this size$1,313
2024$365 per active participant
2023$359 per active participant
2022$315 per active participant

Home for Aged Women, Inc. D/B/A Goddard House's 2024 employer contribution ran below the $1,313 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.

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 · 20242
CBIZ CPAS P.C. · Accounting / audit$10,000

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$15,114 · 0.98%
2023$2,366 · 0.19%
2022$2,170 · 0.17%
Similar plansHealth Care & Social Assistance · Massachusetts
Bridges Homeward, Inc. MA$1.8M · 0.74%
Woonsocket Urgent Care PC MA$1.7M · 0.79%
Attentive Home Care, Inc. MA$1.6M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042104314 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.