Plan Ledger DOL Form 5500 · updated monthly

Newbury Corporation401(k)

NEWBURY CORPORATION PROFIT INCENTIVE AND EMPLOYEES' SAVINGS PLAN · DEDHAM, MA · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Newbury Corporation reported $47,956 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $2,600 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 0.086%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 633rd-largest of 2,726 plans among Massachusetts employers on file, and the 1,515th of 4,798 in finance & insurance. In 2024, employees put in $3.51 for every $1.00 the employer contributed; active participation has grown from 139 to 157 since 2022.

Plan summary
Net assets, end of year$57,302,422
Participants with balances209
Active participants157
Employer contributions$408,128
Employee contributions$1,430,967
Employer contribution per active participant$2,600
Average account balance$274,174
Benefits paid to participants$6,141,949
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$57.3M · 209 accts · $408K emplr
2023$53.9M · 201 accts · $1.2M emplr
2022$49.2M · 203 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,392
Investment management$5,564
Total administrative$47,956
The Newbury Corporation 401(k) match · 2024
Employer contribution per active participant$2,600
Median for plans this size$3,635
2024$2,600 per active participant
2023$8,474 per active participant
2022$15,838 per active participant

Newbury Corporation's 2024 employer contribution ran below the $3,635 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 · 20242
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$48,031
CHARLES SCHWAB & CO., INC. · Securities brokerage$73

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$47,956 · 0.09%
2023$48,347 · 0.09%
2022$47,317 · 0.09%
Same employer
Similar plansFinance & Insurance · Massachusetts
Glidepath Holdings, Inc. MA$59.5M · 0.05%
Westfield Bank MA$54.2M · 0.19%
Rwa Wealth Partners, LLC MA$52.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042426613 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.