Plan Ledger DOL Form 5500 · updated monthly

Morgan Memorial Goodwill Industries403(b)

MORGAN MEMORIAL GOODWILL INDUSTRIES INC 403 (B) RETIREMENT PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
1.18%

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

Morgan Memorial Goodwill Industries reported $102,231 in plan administrative expenses for 2024: 1.18% of average plan assets, higher than ~75% of peers. Employer contributions averaged $202 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 0.94% to 1.18%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (1,962nd of 2,726), and 5,992nd of 11,911 in health care & social assistance. In 2024, employees put in $4.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,170,421
Participants with balances179
Active participants490
Employer contributions$99,058
Employee contributions$478,384
Employer contribution per active participant$202
Average account balance$51,231
Benefits paid to participants$679,640
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.2M · 179 accts · $99K emplr
2023$8.2M · 177 accts · $95K emplr
2022$7.1M · 185 accts · $96K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,262
Investment management$21,169
Audit (IQPA)$18,800
Total administrative$102,231
Employer contributions to the Morgan Memorial Goodwill Industries plan · 2024
Employer contribution per active participant$202
Median for plans this size$1,313
2024$202 per active participant
2023$206 per active participant
2022$196 per active participant

Morgan Memorial Goodwill Industries's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
LINCOLN NATIONAL CORPORATION · Contract administrator$62,262
ARTHUR J GALLAGHER & CO · Investment advisory (plan)$21,169
CBIZ CPAS P.C. · Accounting / audit$18,800

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$102,231 · 1.18%
2023$73,854 · 0.96%
2022$62,875 · 0.94%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Soldier on, Inc. MA$9.1M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042106765 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.