Plan Ledger DOL Form 5500 · updated monthly

J. Calnan and Associates, Inc.401(k)

J. CALNAN AND ASSOCIATES, INC. 401(K) PLAN · QUINCY, MA · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

J. Calnan and Associates, Inc. reported $105,880 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,770 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 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,217th-largest of 2,726 plans among Massachusetts employers on file, and the 1,872nd of 5,337 in construction. In 2024, employees put in $4.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,326,718
Participants with balances140
Active participants117
Employer contributions$324,121
Employee contributions$1,367,214
Employer contribution per active participant$2,770
Average account balance$159,477
Benefits paid to participants$831,379
Plan auditUnmodified (clean) audit opinion
AuditorLEONE, MORRISSEY, HENRIKSEN & SY
Plan history3
Yearassets · accounts · employer contribution
2024$22.3M · 140 accts · $324K emplr
2023$19.0M · 144 accts · $468K emplr
2022$15.3M · 147 accts · $387K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$105,880
Total administrative$105,880
The J. Calnan and Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$2,770
Median for plans this size$2,416
2024$2,770 per active participant
2023$4,179 per active participant
2022$3,253 per active participant

J. Calnan and Associates, Inc.'s 2024 employer contribution ran above 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 · 20244
MMA SECURITIES LLC · Investment advisory (plan)$41,136
COMPASS · Contract administrator$18,474
EMPOWER ADVISORY GROUP, LLC · Investment management$17,789

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$105,880 · 0.51%
2023$112,930 · 0.66%
2022$82,191 · 0.52%
Same employer
Similar plansConstruction · Massachusetts
Callahan, Inc. MA$25.2M · 0.39%
P.A. Landers, Inc. MA$24.2M · 0.04%
Lorusso Corporation MA$21.1M · 0.01%
E. Amanti & Sons, Inc. MA$19.9M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043330842 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.