Plan Ledger DOL Form 5500 · updated monthly

Mirick, O'Connell, Demallie & Lougee, LLP401(k)

MIRICK, O'CONNELL, DEMALLIE & LOUGEE, LLP SAVINGS AND RETIREMENT PLAN AND TRUST · WORCESTER, MA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Mirick, O'Connell, Demallie & Lougee, LLP reported $45,264 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,723 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 0.07% to 0.06%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 479th-largest of 2,726 plans among Massachusetts employers on file, and the 1,771st of 11,654 in professional & technical services. In 2024, employees put in $1.93 for every $1.00 the employer contributed; active participation has grown from 127 to 141 since 2022.

Plan summary
Net assets, end of year$84,031,552
Participants with balances181
Active participants141
Employer contributions$1,229,970
Employee contributions$2,378,751
Employer contribution per active participant$8,723
Average account balance$464,263
Benefits paid to participants$2,610,299
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$84.0M · 181 accts · $1.2M emplr
2023$73.7M · 169 accts · $1.0M emplr
2022$62.3M · 164 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,264
Total administrative$45,264
The Mirick, O'Connell, Demallie & Lougee, LLP 401(k) match · 2024
Employer contribution per active participant$8,723
Median for plans this size$3,635
2024$8,723 per active participant
2023$8,124 per active participant
2022$7,889 per active participant

Mirick, O'Connell, Demallie & Lougee, LLP's 2024 employer contribution ran above the $3,635 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$25,369
FIDUCIENT ADVISORS · Consulting$20,000

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$45,264 · 0.06%
2023$43,270 · 0.06%
2022$44,809 · 0.07%
Same employer
Similar plansProfessional & Technical Services · Massachusetts
The Bridgespan Group MA$88.8M · 0.19%
Riemer & Braunstein LLP MA$87.6M · 0.17%
Extreme Reach Inc. MA$85.0M · 0.13%
Bluebird Bio, Inc. MA$82.6M · 0.16%
Immunogen, Inc. MA$81.8M · 0.02%
Cambridge Systematics, Inc MA$81.7M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042203347 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.