Plan Ledger DOL Form 5500 · updated monthly

New Seabury Resources Management, Inc.401(k)

NEW SEABURY RESOURCES MANAGEMENT, INC. 401(K) PLAN · MASHPEE, MA · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

New Seabury Resources Management, Inc. reported $15,426 in plan administrative expenses for 2024: 0.21% of average plan assets, lower than ~75% of peers. Employer contributions averaged $709 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 rose from 0.16% to 0.21%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Massachusetts (2,046th of 2,726), and 763rd of 1,311 in arts, entertainment & recreation. In 2024, employees put in $3.24 for every $1.00 the employer contributed; active participation has grown from 115 to 220 since 2022.

Plan summary
Net assets, end of year$8,066,620
Participants with balances79
Active participants220
Employer contributions$155,945
Employee contributions$505,974
Employer contribution per active participant$709
Average account balance$102,109
Benefits paid to participants$561,733
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.1M · 79 accts · $156K emplr
2023$6.9M · 87 accts · $152K emplr
2022$6.2M · 87 accts · $133K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,426
Total administrative$15,426
The New Seabury Resources Management, Inc. 401(k) match · 2024
Employer contribution per active participant$709
Median for plans this size$1,313
2024$709 per active participant
2023$1,237 per active participant
2022$1,155 per active participant

New Seabury Resources Management, Inc.'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 · 20241
T ROWE PRICE RPS INC · Recordkeeping · Trustee$15,427

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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

Administrative cost history3
2024$15,426 · 0.21%
2023$12,868 · 0.20%
2022$11,455 · 0.16%
Similar plansArts, Entertainment & Recreation · Massachusetts
Southworth Development LLC MA$12.3M · 0.30%
Peabody Essex Museum MA$12.0M · 0.29%
Spartan Race, Inc. MA$5.8M · 0.13%
Cdm Fitness Holdings, LLC MA$3.7M · 0.88%

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Source: U.S. Department of Labor, Form 5500 series, EIN 134009408 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.