Plan Ledger DOL Form 5500 · updated monthly

New Bedford Jewish Convalescent Home, Inc.DC plan

N.B. JEWISH CONVALESCENT HOME, INC. 403(B) RETIREMENT PLAN · NEW BEDFORD, MA · plan year 2022

Reported admin expense ratio · 2022
0.66%

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

New Bedford Jewish Convalescent Home, Inc. reported $22,941 in plan administrative expenses for 2022: 0.66% of average plan assets, above the peer median. Employer contributions averaged $721 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (2,480th of 2,726), and 9,160th of 11,911 in health care & social assistance. In 2022, employees put in $2.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,133,557
Participants with balances68
Active participants102
Employer contributions$73,511
Employee contributions$159,494
Employer contribution per active participant$721
Average account balance$46,082
Benefits paid to participants$405,878
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Investment management$12,311
Professional / advisory$10,630
Total administrative$22,941
Employer contributions to the New Bedford Jewish Convalescent Home, Inc. plan · 2022
Employer contribution per active participant$721
Median for plans this size$1,114

New Bedford Jewish Convalescent Home, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$22,941 · 0.66%
Similar plansHealth Care & Social Assistance · Massachusetts
Bass River, Inc. MA$3.3M · 1.09%
Henry C. Nevins Home Inc. MA$2.9M · 1.18%
Holistic Industries Inc. MA$2.8M · 1.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 046112873 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.