Plan Ledger DOL Form 5500 · updated monthly

Masschallenge, Inc.403(b)

MASSCHALLENGE 403(B) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

Masschallenge, Inc. reported $23,434 in plan administrative expenses for 2024: 0.75% of average plan assets, above the peer median. Employer contributions averaged $3,131 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 has held roughly steady near 0.75%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Massachusetts (2,477th of 2,726), and 2,635th of 3,341 in other services. In 2024, employees put in $2.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,155,527
Participants with balances114
Active participants34
Employer contributions$106,437
Employee contributions$264,672
Employer contribution per active participant$3,131
Average account balance$27,680
Benefits paid to participants$704,433
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$3.2M · 114 accts · $106K emplr
2023$3.1M · 122 accts · $130K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,434
Total administrative$23,434
Employer contributions to the Masschallenge, Inc. plan · 2024
Employer contribution per active participant$3,131
Median for plans this size$1,313
2024$3,131 per active participant
2023$3,018 per active participant

Masschallenge, Inc.'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 · 20241
ASCENSUS$23,354

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

Administrative cost history2
2024$23,434 · 0.75%
2023$20,900 · 0.77%
Similar plansOther Services · Massachusetts
Dependable Cleaners, Inc. MA$4.0M · 0.25%
Examity, Inc. MA$3.4M · 0.39%
Veterans, Inc. MA$3.0M · 1.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270382989 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.