Plan Ledger DOL Form 5500 · updated monthly

Massachusetts Property Insurance Underwriting Association401(k)

INSURANCE COMPANY SUPPORTED ORGANIZATIONS 401(K) SAVINGS PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Massachusetts Property Insurance Underwriting Association reported $65,800 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $6,168 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 0.117%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 619th-largest of 2,726 plans among Massachusetts employers on file, and the 1,485th of 4,798 in finance & insurance. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$58,890,150
Participants with balances205
Active participants132
Employer contributions$814,130
Employee contributions$1,263,278
Employer contribution per active participant$6,168
Average account balance$287,269
Benefits paid to participants$4,344,833
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS HOWELL FERGUSON P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$58.9M · 205 accts · $814K emplr
2023$54.0M · 204 accts · $807K emplr
2022$45.3M · 200 accts · $777K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,500
Total administrative$65,800
The Massachusetts Property Insurance Underwriting Association 401(k) match · 2024
Employer contribution per active participant$6,168
Median for plans this size$3,635
2024$6,168 per active participant
2023$5,891 per active participant
2022$5,752 per active participant

Massachusetts Property Insurance Underwriting Association's 2024 employer contribution ran above the $3,635 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.

Administrative cost history3
2024$65,800 · 0.12%
2023$56,985 · 0.11%
2022$59,510 · 0.12%
Same employer
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Leader Bank MA$62.6M
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POINT32HEALTH MA$61.3M
Glidepath Holdings, Inc. MA$59.5M · 0.05%
Newbury Corporation MA$57.3M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042503445 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.