Plan Ledger DOL Form 5500 · updated monthly

Neighborhood Assistance Corporat401(k)

NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA 401K PROF · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Neighborhood Assistance Corporat reported $27,704 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $1,060 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 0.83% to 0.54%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Massachusetts (2,281st of 2,726), and 2,244th of 3,341 in other services. In 2024, employees put in $3.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,339,070
Participants with balances196
Active participants203
Employer contributions$215,134
Employee contributions$644,850
Employer contribution per active participant$1,060
Average account balance$27,240
Benefits paid to participants$894,881
Plan auditUnmodified (clean) audit opinion
AuditorQRGA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.3M · 196 accts · $215K emplr
2023$4.9M · 213 accts · $217K emplr
2022$4.1M · 221 accts · $232K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,377
Investment management$14,327
Total administrative$27,704
The Neighborhood Assistance Corporat 401(k) match · 2024
Employer contribution per active participant$1,060
Median for plans this size$1,313
2024$1,060 per active participant
2023$1,022 per active participant
2022$1,068 per active participant

Neighborhood Assistance Corporat's 2024 employer contribution ran below the $1,313 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
ROCKLAND TRUST CO. · Recordkeeping · Trustee$14,326
ADP, INC. · Loan processing · Recordkeeping$13,377
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, ROCKLAND TRUST CO.
2023ADP, QRGA LLP, ROCKLAND TRUST CO.

This plan has changed recordkeepers within these filings. If you left Neighborhood Assistance Corporat before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$27,704 · 0.54%
2023$50,466 · 1.13%
2022$35,528 · 0.83%
Same employer
Similar plansOther Services · Massachusetts
Wayne Alarm Systems, Inc. MA$6.6M · 0.01%
Campion Center Inc. MA$6.0M · 0.02%
Leo, Inc. MA$5.9M · 0.81%
Curate Partners LLC MA$4.6M · 0.98%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 043244616 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.