Plan Ledger DOL Form 5500 · updated monthly

Jobs for the Future, Inc.403(b)

JOBS FOR THE FUTURE, INC. RETIREMENT PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Jobs for the Future, Inc. reported $18,435 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $15,762 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 0.08% to 0.04%. 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 703rd-largest of 2,726 plans among Massachusetts employers on file, and the 2,763rd of 11,654 in professional & technical services. In 2024, employees put in $1.20 for every $1.00 the employer contributed; active participation has shrunk from 463 to 166 since 2022.

Plan summary
Net assets, end of year$49,905,381
Participants with balances199
Active participants166
Employer contributions$2,616,492
Employee contributions$3,127,197
Employer contribution per active participant$15,762
Average account balance$250,781
Benefits paid to participants$3,099,440
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$49.9M · 199 accts · $2.6M emplr
2023$40.8M · 535 accts · $2.3M emplr
2022$33.4M · 548 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,435
Total administrative$18,435
Employer contributions to the Jobs for the Future, Inc. plan · 2024
Employer contribution per active participant$15,762
Median for plans this size$2,416
2024$15,762 per active participant
2023$5,646 per active participant
2022$3,986 per active participant

Jobs for the Future, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
FIRST NATIONAL CORPORATION · Investment advisory (plan)$41,301
MHM RETIREMENT PLAN SOLUTIONS LLC · Contract administratorindirect 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$18,435 · 0.04%
2023$12,293 · 0.03%
2022$29,003 · 0.08%
Same employer
Similar plansProfessional & Technical Services · Massachusetts
Veracode, Inc. MA$51.4M · 0.22%
Simon Kucher & Partners LLC MA$51.3M · 0.08%
Motus, LLC MA$51.1M · 0.34%
Pearl Meyer & Partners, LLC MA$50.0M · 0.00%
Envirobusiness, Inc. MA$48.6M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061164568 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.