Plan Ledger DOL Form 5500 · updated monthly

National Development Associates of New England, Inc.401(k)

NATIONAL DEVELOPMENT ASSOCIATES OF NEW ENGLAND & AFFILIATES 401(K) PROFIT SHARING PLAN & TRUST · NEWTON LOWER FALLS, MA · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

National Development Associates of New England, Inc. reported $97,741 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $4,489 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 0.21% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 526th-largest of 2,726 plans among Massachusetts employers on file, and the 805th of 5,337 in construction. In 2024, employees put in $2.88 for every $1.00 the employer contributed; active participation has shrunk from 289 to 227 since 2022.

Plan summary
Net assets, end of year$72,637,624
Participants with balances361
Active participants227
Employer contributions$1,018,942
Employee contributions$2,933,412
Employer contribution per active participant$4,489
Average account balance$201,212
Benefits paid to participants$11,787,919
Plan auditUnmodified (clean) audit opinion
AuditorARDITO, TOSCANO & MCCOLLUM, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$72.6M · 361 accts · $1.0M emplr
2023$70.3M · 360 accts · $1.0M emplr
2022$60.1M · 377 accts · $1.1M emplr
The National Development Associates of New England, Inc. 401(k) match · 2024
Employer contribution per active participant$4,489
Median for plans this size$3,635
2024$4,489 per active participant
2023$4,336 per active participant
2022$3,826 per active participant

National Development Associates of New England, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20245
NATIONWIDE · Recordkeeping · Custodial (securities)$35,572
NATIONWIDE LIFE INSURANCE COMPANY · Recordkeeping · Custodial (securities)$7,093
ARDITO TOSCANO AND MCCOLLUM PC · Accounting / audit$40,000
IRON FIDUCIARY · Investment advisory (plan)$28,372
JOHNSON O'CONNOR FERON & CARUCCI LL · Pension consulting · Loan processing$22,169

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$97,741 · 0.14%
2023$165,093 · 0.25%
2022$136,853 · 0.21%
Same employer
Similar plansConstruction · Massachusetts
Bond Brothers, Inc. MA$95.4M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043142739 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.