Plan Ledger DOL Form 5500 · updated monthly

Marc, Inc. of Manchester401(k)

MARC, INC. RETIREMENT PLAN · MANCHESTER, CT · plan year 2024

Reported admin expense ratio · 2024
1.01%

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

Marc, Inc. of Manchester reported $74,438 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,725 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 0.69% to 1.01%. 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 Connecticut (821st of 1,106), and 6,526th of 11,911 in health care & social assistance. In 2024, the employer put in $2.04 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$7,841,027
Participants with balances241
Active participants259
Employer contributions$705,793
Employee contributions$346,519
Employer contribution per active participant$2,725
Average account balance$32,535
Benefits paid to participants$1,075,346
Plan auditUnmodified (clean) audit opinion
AuditorGUILMARTIN,DIPIRO,SOKOLOWSKI,LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.8M · 241 accts · $706K emplr
2023$7.0M · 245 accts · $695K emplr
2022$5.4M · 228 accts · $217K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,565
Investment management$18,873
Total administrative$74,438
The Marc, Inc. of Manchester 401(k) match · 2024
Employer contribution per active participant$2,725
Median for plans this size$1,313
2024$2,725 per active participant
2023$2,652 per active participant
2022$808 per active participant

Marc, Inc. of Manchester'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 · 20242
LINCOLN NATIONAL CORPORATION · Contract administrator$55,565
NFP CORPORATE SERVICES · Investment advisory (plan)$18,818

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$74,438 · 1.01%
2023$62,038 · 1.00%
2022$34,136 · 0.69%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Solinsky Eyecare LLC CT$8.2M · 0.32%
New Opportunities, Inc. CT$7.9M · 0.43%
Community Options, Inc. CT$7.8M · 0.37%
Kids in Crisis CT$7.2M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060712057 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.