Plan Ledger DOL Form 5500 · updated monthly

New England Village, Inc.403(b)

NEW ENGLAND VILLAGE, INC. 403(B) PLAN · PEMBROKE, MA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

New England Village, Inc. reported $1,165 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $310 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 3 years on file its reported administrative ratio has held roughly steady near 0.023%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (2,275th of 2,726), and 7,654th of 11,911 in health care & social assistance. In 2024, employees put in $3.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,440,645
Participants with balances118
Active participants258
Employer contributions$80,041
Employee contributions$247,180
Employer contribution per active participant$310
Average account balance$46,107
Benefits paid to participants$267,674
Plan auditUnmodified (clean) audit opinion
AuditorLEONARD, MULHERIN & GREENE, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$5.4M · 118 accts · $80K emplr
2023$4.7M · 114 accts · $68K emplr
2022$4.3M · 110 accts · $69K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,165
Total administrative$1,165
Employer contributions to the New England Village, Inc. plan · 2024
Employer contribution per active participant$310
Median for plans this size$1,313
2024$310 per active participant
2023$260 per active participant
2022$277 per active participant

New England Village, Inc.'s 2024 employer contribution ran below the $1,313 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.

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 · 20241

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

Administrative cost history3
2024$1,165 · 0.02%
2023$1,030 · 0.02%
2022$905 · 0.02%
Similar plansHealth Care & Social Assistance · Massachusetts
Sunshine Village MA$5.8M · 0.15%
Victory Programs, Inc. MA$5.0M · 0.16%
Saint Francis House, Inc. MA$5.0M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 046144180 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.