Plan Ledger DOL Form 5500 · updated monthly

N.E.L. CorporationMoney purchase plan

N.E.L. CORPORATION MONEY PURCHASE PENSION PLAN · MIDDLETON, MA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

N.E.L. Corporation reported $4,775 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $16,463 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 has held roughly steady near 0.012%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 771st-largest of 2,726 plans among Massachusetts employers on file, and the 1,168th of 5,337 in construction. active participation has grown from 142 to 161 since 2022.

Plan summary
Net assets, end of year$43,591,596
Participants with balances193
Active participants161
Employer contributions$2,650,582
Employee contributions—
Employer contribution per active participant$16,463
Average account balance$225,863
Benefits paid to participants$1,258,466
Plan auditUnmodified (clean) audit opinion
AuditorJOHNSON OCONNOR FERON & CARUCCI
Plan history3
Yearassets · accounts · employer contribution
2024$43.6M · 193 accts · $2.7M emplr
2023$37.2M · 188 accts · $2.4M emplr
2022$28.8M · 179 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,925
Total administrative$4,775
Employer contributions to the N.E.L. Corporation plan · 2024
Employer contribution per active participant$16,463
Median for plans this size$2,416
2024$16,463 per active participant
2023$15,569 per active participant
2022$15,282 per active participant

N.E.L. Corporation's 2024 employer contribution ran above the $2,416 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 · 20243
COMMONWEALTH EQUITY SERVICESindirect comp
COMPASS · Other servicesindirect comp
MORNINGSTAR · 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$4,775 · 0.01%
2023$3,950 · 0.01%
2022$3,300 · 0.01%
Same employer
Similar plansConstruction · Massachusetts
Keville Enterprises, Inc. MA$47.0M · 0.31%
Elm Electrical, Inc. MA$43.8M · 0.01%
Sps New England, Inc. MA$42.2M · 0.06%
Jay Cashman, Inc. MA$37.4M · 0.02%
Walsh Brothers, Inc. MA$36.8M · 0.29%
Harry Grodsky & Co., Inc. MA$35.1M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042960711 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.