Plan Ledger DOL Form 5500 · updated monthly

Human Services Management Corp Inc401(k)

HUMAN SERVICES MANAGEMENT CORPORATION 401K AND PROFIT SHARING PLAN · MILFORD, MA · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Human Services Management Corp Inc reported $76,113 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,057 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 0.306%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,074th-largest of 2,726 plans among Massachusetts employers on file, and the 4,488th of 11,654 in professional & technical services. In 2024, employees put in $1.42 for every $1.00 the employer contributed; active participation has grown from 531 to 808 since 2022.

Plan summary
Net assets, end of year$27,059,536
Participants with balances652
Active participants808
Employer contributions$853,751
Employee contributions$1,213,762
Employer contribution per active participant$1,057
Average account balance$41,502
Benefits paid to participants$1,567,548
Plan auditUnmodified (clean) audit opinion
AuditorLEONARD, MULHERIN & GREENE, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$27.1M · 652 accts · $854K emplr
2023$22.7M · 561 accts · $830K emplr
2022$19.1M · 540 accts · $855K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,752
Investment management$30,361
Total administrative$76,113
The Human Services Management Corp Inc 401(k) match · 2024
Employer contribution per active participant$1,057
Median for plans this size$2,416
2024$1,057 per active participant
2023$1,450 per active participant
2022$1,610 per active participant

Human Services Management Corp Inc's 2024 employer contribution ran below the $2,416 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$45,752
ROCKLAND TRUST CO · Investment advisory (plan)$17,500
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$12,861

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$76,113 · 0.31%
2023$63,359 · 0.30%
2022$68,341 · 0.31%
Similar plansProfessional & Technical Services · Massachusetts
Clark & Elbing LLP MA$29.1M · 0.09%
Park Place International MA$28.7M · 0.30%
Bico Group MA$28.3M · 0.22%
Form Energy Inc. MA$27.4M · 0.07%
Lastpass US LP MA$27.0M · 0.06%
Oneshield, Inc. MA$26.7M · 0.25%
Nitsch Engineering, Inc MA$26.3M · 0.15%
Ora, Inc. MA$26.2M · 0.03%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 043082246 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.