Plan Ledger DOL Form 5500 · updated monthly

Latham Centers, Inc.403(b)

LATHAM CENTERS RETIREMENT PLAN · YARMOUTH PORT, MA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Latham Centers, Inc. reported $19,631 in plan administrative expenses for 2024: 0.20% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,501 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 0.198%. 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 (1,863rd of 2,726), and the 5,570th of 11,911 in health care & social assistance. In 2024, employees put in $1.51 for every $1.00 the employer contributed; active participation has grown from 251 to 293 since 2022.

Plan summary
Net assets, end of year$10,448,825
Participants with balances195
Active participants293
Employer contributions$439,808
Employee contributions$663,430
Employer contribution per active participant$1,501
Average account balance$53,584
Benefits paid to participants$1,169,359
Plan auditUnmodified (clean) audit opinion
AuditorLEONARD, MULHERIN & GREENE, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 195 accts · $440K emplr
2023$9.4M · 191 accts · $409K emplr
2022$8.4M · 186 accts · $377K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,521
Trustee / custodial$60
Total administrative$19,631
Employer contributions to the Latham Centers, Inc. plan · 2024
Employer contribution per active participant$1,501
Median for plans this size$1,313
2024$1,501 per active participant
2023$1,605 per active participant
2022$1,500 per active participant

Latham Centers, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20242
SENTINEL BENEFITS GROUP, INC. · Recordkeeping$19,521
LINCOLN NATIONAL CORPORATION · Contract administrator$512

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

Recordkeeper by year2
2024Sentinel Group
2023Sentinel Group

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

Administrative cost history3
2024$19,631 · 0.20%
2023$16,014 · 0.18%
2022$15,372 · 0.20%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Lasell Village, Inc. MA$10.4M · 0.04%
Podimetrics, Inc MA$10.1M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042467497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.