Plan Ledger DOL Form 5500 · updated monthly

Lasell Village, Inc.403(b)

LASELL VILLAGE 403(B) PLAN · AUBURNDALE, 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

Lasell Village, Inc. reported $4,003 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,235 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 0.03% to 0.04%. 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 (1,866th of 2,726), and the 5,573rd of 11,911 in health care & social assistance. In 2024, employees put in $1.45 for every $1.00 the employer contributed; active participation has grown from 99 to 111 since 2022.

Plan summary
Net assets, end of year$10,434,895
Participants with balances224
Active participants111
Employer contributions$359,106
Employee contributions$519,144
Employer contribution per active participant$3,235
Average account balance$46,584
Benefits paid to participants$597,551
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 224 accts · $359K emplr
2023$9.1M · 209 accts · $300K emplr
2022$7.4M · 205 accts · $250K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,003
Total administrative$4,003
Employer contributions to the Lasell Village, Inc. plan · 2024
Employer contribution per active participant$3,235
Median for plans this size$1,313
2024$3,235 per active participant
2023$2,800 per active participant
2022$2,523 per active participant

Lasell Village, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20241
TIAA · Recordkeeping · Pension consulting$4,003

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024TIAA
2023TIAA

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$4,003 · 0.04%
2023$2,878 · 0.03%
2022$2,426 · 0.03%
Similar plansHealth Care & Social Assistance · Massachusetts
Latham Centers, Inc. MA$10.4M · 0.20%
Podimetrics, Inc MA$10.1M · 0.67%
T2 Biosystems, Inc MA$10.0M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223042122 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.