Plan Ledger DOL Form 5500 · updated monthly

Mystic Valley Elder Services, Inc.403(b)

MYSTIC VALLEY ELDER SERVICES, INC. 403B PLAN · MALDEN, MA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Mystic Valley Elder Services, Inc. reported $20,853 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,446 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 0.34% to 0.11%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,316th-largest of 2,726 plans among Massachusetts employers on file, and the 1,066th of 3,341 in other services. In 2024, employees put in $1.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,759,486
Participants with balances279
Active participants361
Employer contributions$522,033
Employee contributions$735,401
Employer contribution per active participant$1,446
Average account balance$70,823
Benefits paid to participants$2,018,309
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.8M · 279 accts · $522K emplr
2023$18.3M · 273 accts · $486K emplr
2022$15.4M · 258 accts · $461K emplr
Employer contributions to the Mystic Valley Elder Services, Inc. plan · 2024
Employer contribution per active participant$1,446
Median for plans this size$2,416
2024$1,446 per active participant
2023$1,391 per active participant
2022$1,392 per active participant

Mystic Valley Elder Services, Inc.'s 2024 employer contribution ran below 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 · 20243
NATIONWIDE TRUST COMPANY · Recordkeeping · Custodial (securities)$36,280
GLOBAL RETIREMENT PARTNERS, LLC · Securities brokerage$18,983
RPW SOLUTIONS, LLC. · Contract administrator · Pension consulting$1,450

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Nationwide
2023Nationwide

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$20,853 · 0.11%
2023$18,621 · 0.11%
2022$50,424 · 0.34%
Same employer
Similar plansOther Services · Massachusetts
Northeast Arc, Inc. MA$25.5M · 0.42%
Markforged, Inc MA$22.8M · 0.25%
Berkshire County Arc, Inc. MA$18.9M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042562646 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.