Plan Ledger DOL Form 5500 · updated monthly

Nantucket Island Management401(k)

NANTUCKET ISLAND MANAGEMENT 401(K) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Nantucket Island Management reported $50,488 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $2,166 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 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Massachusetts (1,686th of 2,726), and the 955th of 2,096 in real estate & leasing. In 2024, employees put in $2.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,594,510
Participants with balances105
Active participants83
Employer contributions$179,771
Employee contributions$535,386
Employer contribution per active participant$2,166
Average account balance$119,948
Benefits paid to participants$1,070,155
Plan auditUnmodified (clean) audit opinion
AuditorWS CPAS P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$12.6M · 105 accts · $180K emplr
2023$11.4M · 107 accts · $152K emplr
2022$9.3M · 107 accts · $159K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,012
Investment management$29,476
Total administrative$50,488
The Nantucket Island Management 401(k) match · 2024
Employer contribution per active participant$2,166
Median for plans this size$2,416
2024$2,166 per active participant
2023$1,857 per active participant
2022$1,824 per active participant

Nantucket Island Management'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 · 20242
MORGAN STANLEY GLOBAL BA · Investment advisory (plan)$29,477
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$21,011

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$50,488 · 0.42%
2023$42,605 · 0.41%
2022$42,489 · 0.41%
Similar plansReal Estate & Leasing · Massachusetts
Gatehouse Management, Inc. MA$13.4M · 0.42%
The Hamilton Company, Inc. MA$13.3M · 0.14%
Churchill Forge, Inc. MA$11.8M · 0.05%
Claremont Companies, LLC MA$11.2M · 0.96%
Trinity Management, LLC MA$9.4M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043436262 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.