Plan Ledger DOL Form 5500 · updated monthly

Mulman Health Services Inc401(k)

MULMAN HEALTH SERVICES INC 401(K) PROFIT SHARING PLAN & TRUST · DANVERS, MA · plan year 2022

Reported admin expense ratio · 2022
1.91%

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

Mulman Health Services Inc reported $1,535 in plan administrative expenses for 2022: 1.91% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 3 years on file its reported administrative ratio fell from 3.29% to 1.91%. The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Massachusetts (2,717th of 2,726), and 11,597th of 11,654 in professional & technical services. active participation has shrunk from 453 to 297 since 2019.

Plan summary
Net assets, end of year$76,784
Participants with balances20
Active participants297
Employer contributions$0
Employee contributions$27,173
Employer contribution per active participant$0
Average account balance$3,839
Benefits paid to participants$18,550
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2022$77K · 20 accts
2020$74K · 23 accts
2019$39K · 19 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$1,535
Total administrative$1,535
The Mulman Health Services Inc 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$331

Mulman Health Services Inc's 2022 employer contribution ran below the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2022$1,535 · 1.91%
2020$1,259 · 2.22%
2019$863 · 3.29%
Similar plansProfessional & Technical Services · Massachusetts
Bask Inc MA$518K · 0.80%
Adie Conway Inc MA$270K · 0.54%
Focus Care Solutions Inc MA$84K · 0.73%
Brighttalk Inc. MA$115 · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 842975191 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.