Plan Ledger DOL Form 5500 · updated monthly

Medford Wellington Service Co., Inc.401(k)

MEDFORD WELLINGTON, INC. 401(K) AND PROFIT SHARING PLAN · N. BILLERICA, MA · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Medford Wellington Service Co., Inc. reported $36,809 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,610 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 rose from 0.00% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Massachusetts (1,524th of 2,726), and the 2,388th of 5,337 in construction. In 2024, employees put in $3.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,658,831
Participants with balances141
Active participants135
Employer contributions$352,317
Employee contributions$1,175,321
Employer contribution per active participant$2,610
Average account balance$111,056
Benefits paid to participants$937,623
Plan auditUnmodified (clean) audit opinion
AuditorMORRIS & MORRIS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$15.7M · 141 accts · $352K emplr
2023$13.2M · 123 accts · $324K emplr
2022$10.2M · 131 accts · $271K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,478
Investment management$35,331
Total administrative$36,809
The Medford Wellington Service Co., Inc. 401(k) match · 2024
Employer contribution per active participant$2,610
Median for plans this size$2,416
2024$2,610 per active participant
2023$3,241 per active participant
2022$2,135 per active participant

Medford Wellington Service Co., 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 · 20242
THE WATERFORD GROUP LLC · Investment advisory (participants) · Investment advisory (plan)$35,331
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,478

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$36,809 · 0.26%
2023$1,056 · 0.01%
2022$456 · 0.00%
Same employer
Similar plansConstruction · Massachusetts
Plumb House, Inc. MA$16.8M · 0.28%
G. Lopes Construction Inc. MA$16.1M · 0.37%
Florence Electric, LLC MA$15.9M · 0.46%
Mas Building & Bridge, Inc. MA$15.4M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042478203 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.