Plan Ledger DOL Form 5500 · updated monthly

Mas Building & Bridge, Inc.401(k)

MAS BUILDING & BRIDGE, INC. RETIREMENT PLAN · NORFOLK, MA · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Mas Building & Bridge, Inc. reported $89,747 in plan administrative expenses for 2024: 0.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $10,343 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 0.77% to 0.65%. 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 among the smaller plans on file in Massachusetts (1,532nd of 2,726), and the 2,420th of 5,337 in construction. In 2024, the employer put in $1.93 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$15,427,992
Participants with balances184
Active participants170
Employer contributions$1,758,317
Employee contributions$910,752
Employer contribution per active participant$10,343
Average account balance$83,848
Benefits paid to participants$1,089,482
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.4M · 184 accts · $1.8M emplr
2023$12.2M · 179 accts · $1.6M emplr
2022$8.8M · 159 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$89,747
Total administrative$89,747
The Mas Building & Bridge, Inc. 401(k) match · 2024
Employer contribution per active participant$10,343
Median for plans this size$2,416
2024$10,343 per active participant
2023$9,515 per active participant
2022$6,947 per active participant

Mas Building & Bridge, 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 · 20244
MASSACHUSETTS MUTUAL LIFE INS. COMP · Investment advisory (plan)$33,694
EMPOWER ADVISORY GROUP, LLC · Investment management$26,989
JIM HALLINAN PENSION CONSULTING LLC · Contract administrator$7,010

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$89,747 · 0.65%
2023$72,592 · 0.69%
2022$69,853 · 0.77%
Same employer
Similar plansConstruction · Massachusetts
G. Lopes Construction Inc. MA$16.1M · 0.37%
Florence Electric, LLC MA$15.9M · 0.46%
D'Allessandro Corp. MA$13.3M · 0.57%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 020607680 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.