Plan Ledger DOL Form 5500 · updated monthly

North Easton Savings Bank401(k)

NORTH EASTON SAVINGS BANK 401(K) MATCHING PLAN · SOUTH EASTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

North Easton Savings Bank reported $49,861 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $6,228 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Massachusetts (1,396th of 2,726), and 3,215th of 4,798 in finance & insurance. In 2024, employees put in $1.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,294,033
Participants with balances188
Active participants156
Employer contributions$971,611
Employee contributions$992,023
Employer contribution per active participant$6,228
Average account balance$97,309
Benefits paid to participants$695,577
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,865
Investment management$9,996
Total administrative$49,861
The North Easton Savings Bank 401(k) match · 2024
Employer contribution per active participant$6,228
Median for plans this size$2,416

North Easton Savings Bank's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$39,864
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$9,991
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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

Administrative cost history1
2024$49,861 · 0.30%
Same employer
Similar plansFinance & Insurance · Massachusetts
Lee Bank MA$19.5M · 0.02%
Rollstone Bank and Trust MA$19.1M · 0.00%
Clinton Savings Bank MA$18.5M · 0.00%
Forward Financing LLC MA$18.3M · 0.71%
Umassfive College Fcu MA$16.8M · 0.45%
Quincy Credit Union MA$16.2M · 0.10%
I-C Federal Credit Union MA$16.2M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990481036 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.