Plan Ledger DOL Form 5500 · updated monthly

Monadnock Family Services403(b)

MONADNOCK FAMILY SERVICES TAX SHELTERED 403(B) PLAN · KEENE, NH · plan year 2023

Reported admin expense ratio · 2023
0.73%

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

Monadnock Family Services reported $30,516 in plan administrative expenses for 2023: 0.73% of average plan assets, above the peer median. Employer contributions averaged $410 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 0.68% to 0.74%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Hampshire (341st of 411), and 8,328th of 11,911 in health care & social assistance. In 2023, employees put in $4.11 for every $1.00 the employer contributed; active participation has shrunk from 200 to 172 since 2022.

Plan summary
Net assets, end of year$4,313,678
Participants with balances178
Active participants172
Employer contributions$70,584
Employee contributions$290,090
Employer contribution per active participant$410
Average account balance$24,234
Benefits paid to participants$699,518
Plan auditDisclaimer of opinion
AuditorLEONE, MCDONNELL & ROBERTS, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 182 accts · $69K emplr
2023$4.3M · 178 accts · $71K emplr
2022$4.0M · 190 accts · $71K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$30,516
Total administrative$30,516
Employer contributions to the Monadnock Family Services plan · 2023
Employer contribution per active participant$410
Median for plans this size$1,308
2024$417 per active participant
2023$410 per active participant
2022$353 per active participant

Monadnock Family Services's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$36,782
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$30,426 · 0.74%
2023$30,516 · 0.73%
2022$25,766 · 0.68%
Same employer
Similar plansHealth Care & Social Assistance · New Hampshire
Cedarcrest, Inc. NH$3.3M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 026012230 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.