Plan Ledger DOL Form 5500 · updated monthly

Mass Design Group LTD401(k)

MASS DESIGN GROUP LTD 401(K) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Mass Design Group LTD reported $820 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $321 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 1 year on file its reported administrative ratio fell from 0.03% to 0.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Massachusetts (2,358th of 2,726), and 9,986th of 11,654 in professional & technical services. In 2024, employees put in $25.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,497,413
Participants with balances138
Active participants80
Employer contributions$25,713
Employee contributions$644,775
Employer contribution per active participant$321
Average account balance$32,590
Benefits paid to participants$157,053
Plan auditUnmodified (clean) audit opinion
AuditorCITRIN COOPERMAN AND COMPANY LLP
Plan history2
Yearassets · accounts · employer contribution
2024$4.5M · 138 accts · $26K emplr
2023$3.3M · 134 accts · $225K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$820
Total administrative$820
The Mass Design Group LTD 401(k) match · 2024
Employer contribution per active participant$321
Median for plans this size$1,313
2024$321 per active participant
2023$2,814 per active participant

Mass Design Group LTD's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
ADP, INC. · Loan processing · Recordkeeping$820

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history2
2024$820 · 0.02%
2023$825 · 0.03%
Similar plansProfessional & Technical Services · Massachusetts
Reveneer, Inc. MA$4.6M · 1.49%
Invaio Sciences Inc. MA$4.6M · 0.50%
Astadia, Inc. MA$4.6M · 0.87%
Vizgen, Inc. MA$4.6M · 0.13%
Patriot Ambulance, Inc. MA$4.4M · 0.82%
Mainsail Group LLC MA$4.4M · 0.37%
Ring Therapeutics, Inc. MA$4.3M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611659704 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.