Plan Ledger DOL Form 5500 · updated monthly

Medford Visiting Nurse Association401(k)

GREATER MEDFORD VISITING NURSE ASSOCIATION 401(K) PLAN · ARLINGTON, MA · plan year 2022

Reported admin expense ratio · 2022
0.44%

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

Medford Visiting Nurse Association reported $11,466 in plan administrative expenses for 2022: 0.44% of average plan assets, below the peer median. Employer contributions averaged $1,064 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (2,542nd of 2,726), and 9,708th of 11,911 in health care & social assistance. In 2022, employees put in $2.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,405,134
Participants with balances92
Active participants90
Employer contributions$95,723
Employee contributions$192,285
Employer contribution per active participant$1,064
Average account balance$26,143
Benefits paid to participants$209,301
Plan auditUnmodified (clean) audit opinion
AuditorBERRY DUNN MCNEIL & PARKER, LLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$11,466
Total administrative$11,466
The Medford Visiting Nurse Association 401(k) match · 2022
Employer contribution per active participant$1,064
Median for plans this size$1,114

Medford Visiting Nurse Association's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$11,466 · 0.44%
Similar plansHealth Care & Social Assistance · Massachusetts
Wachusett Ventures MA$2.5M · 0.79%
Heading Home MA$2.4M · 0.79%
Fidelity House, Inc. MA$2.2M · 0.73%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 042103817 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.