Plan Ledger DOL Form 5500 · updated monthly

McNamara/Salvia, Inc.401(k)

MCNAMARA/SALVIA, INC. 401(K) PLAN AND TRUST · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

McNamara/Salvia, Inc. reported $56,146 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $2,559 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 0.24% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 969th-largest of 2,726 plans among Massachusetts employers on file, and the 3,995th of 11,654 in professional & technical services. In 2024, employees put in $4.56 for every $1.00 the employer contributed; active participation has shrunk from 157 to 114 since 2022.

Plan summary
Net assets, end of year$31,638,581
Participants with balances152
Active participants114
Employer contributions$291,682
Employee contributions$1,328,987
Employer contribution per active participant$2,559
Average account balance$208,149
Benefits paid to participants$2,885,484
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.6M · 152 accts · $292K emplr
2023$28.8M · 159 accts · $605K emplr
2022$24.2M · 171 accts · $519K emplr
The McNamara/Salvia, Inc. 401(k) match · 2024
Employer contribution per active participant$2,559
Median for plans this size$2,416
2024$2,559 per active participant
2023$4,447 per active participant
2022$3,307 per active participant

McNamara/Salvia, Inc.'s 2024 employer contribution ran above the $2,416 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.

Service providers · 20243
MORGAN STANLEY · Investment advisory (plan)$55,696
THE ANGELL PENSION GROUP INC · Contract administrator$2,600
CAPITAL GROUP RETIREMENT PLAN SERVI$950

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$56,146 · 0.19%
2023$65,247 · 0.25%
2022$62,218 · 0.24%
Same employer
Similar plansProfessional & Technical Services · Massachusetts
Edelstein & Company, LLP MA$32.0M · 0.05%
Transmedics, Inc. MA$31.9M · 0.32%
Aware, Inc. MA$31.8M · 0.03%
Reify Health, Inc. MA$30.9M · 0.74%
Predictive Index, LLC MA$30.9M · 0.01%
Applause App Quality, Inc. MA$30.7M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042988134 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.