Plan Ledger DOL Form 5500 · updated monthly

New England Deaconess Association401(k)

NEDA 401(K) PLAN · CONCORD, MA · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

New England Deaconess Association reported $100,454 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,426 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 0.60% to 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,277th-largest of 2,726 plans among Massachusetts employers on file, and the 3,605th of 11,911 in health care & social assistance. In 2024, employees put in $1.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,660,955
Participants with balances674
Active participants687
Employer contributions$980,003
Employee contributions$1,415,311
Employer contribution per active participant$1,426
Average account balance$30,654
Benefits paid to participants$2,084,770
Plan auditUnmodified (clean) audit opinion
AuditorBAKER TILLY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$20.7M · 674 accts · $980K emplr
2023$18.3M · 715 accts · $891K emplr
2022$15.8M · 715 accts · $821K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$90,570
Investment management$9,884
Total administrative$100,454
The New England Deaconess Association 401(k) match · 2024
Employer contribution per active participant$1,426
Median for plans this size$2,416
2024$1,426 per active participant
2023$1,420 per active participant
2022$1,188 per active participant

New England Deaconess Association'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 · 20243
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$90,284
MAYFLOWER FINANCIAL ADVISORS, LLC. · Investment advisory (plan)$9,884
CHARLES SCHWAB BANK · Custodial (securities)indirect 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
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$100,454 · 0.52%
2023$90,797 · 0.53%
2022$104,570 · 0.60%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Morphic Therapeutic Inc MA$21.1M · 0.07%
Brookhaven at Lexington MA$21.0M · 0.00%
Viability, Inc. MA$20.8M · 0.05%
Stafford Management, LLC MA$20.8M · 0.77%
Tempus Unlimited, Inc. MA$20.3M · 0.27%
Affinity Dental MA$20.0M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042104763 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.