Next Step Healthcare, LLC401(k)
NEXT STEP HEALTHCARE 401(K) PLAN · WOBURN, MA · plan year 2023
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Next Step Healthcare, LLC reported $17,655 in plan administrative expenses for 2023: 0.19% of average plan assets, below the peer median. Employer contributions averaged $0 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 0.21% to 0.33%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Massachusetts (1,877th of 2,726), and the 442nd of 945 in agriculture, forestry & fishing.
Next Step Healthcare, LLC's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 263581415 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.