New England Controls, Inc.ESOP
NEW ENGLAND CONTROLS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · MANSFIELD, MA · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
New England Controls, Inc. reported $25 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $45 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 0.000% to 0.000%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 464th-largest of 2,726 plans among Massachusetts employers on file, and the 2,073rd of 13,661 in manufacturing.
New England Controls, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 042389826 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.