Plan Ledger DOL Form 5500 · updated monthly

North Hill Communities, Inc.401(k)

NORTH HILL 401(K) PLAN · NEEDHAM, MA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

North Hill Communities, Inc. reported $44,201 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,610 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 0.19% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,322nd-largest of 2,726 plans among Massachusetts employers on file, and the 3,729th of 11,911 in health care & social assistance. In 2024, employees put in $2.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,735,296
Participants with balances510
Active participants409
Employer contributions$658,413
Employee contributions$1,686,186
Employer contribution per active participant$1,610
Average account balance$38,697
Benefits paid to participants$3,067,894
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.7M · 510 accts · $658K emplr
2023$18.3M · 599 accts · $540K emplr
2022$14.9M · 516 accts · $467K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,245
Investment management$18,416
Total administrative$44,201
The North Hill Communities, Inc. 401(k) match · 2024
Employer contribution per active participant$1,610
Median for plans this size$2,416
2024$1,610 per active participant
2023$1,371 per active participant
2022$1,213 per active participant

North Hill Communities, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
NORTH HILL NEEDHAM, INC.$11,023
ANGELL PENSION GROUP · Other services$7,393

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$44,201 · 0.23%
2023$29,321 · 0.18%
2022$31,822 · 0.19%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Affinity Dental MA$20.0M · 0.34%
Epoch Senior Living, LLC MA$19.2M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264416455 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.