Plan Ledger DOL Form 5500 · updated monthly

North Suffolk Community Services, Inc.403(b)

NORTH SUFFOLK COMMUNITY SERVICES 403(B) PLAN · CHELSEA, MA · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

North Suffolk Community Services, Inc. reported $65,571 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $83 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 0.515%. 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 among the smaller plans on file in Massachusetts (1,596th of 2,726), and the 4,711th of 11,911 in health care & social assistance. In 2024, employees put in $15.45 for every $1.00 the employer contributed; active participation has grown from 761 to 1,023 since 2022.

Plan summary
Net assets, end of year$13,891,927
Participants with balances454
Active participants1,023
Employer contributions$84,581
Employee contributions$1,306,892
Employer contribution per active participant$83
Average account balance$30,599
Benefits paid to participants$621,518
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.9M · 454 accts · $85K emplr
2023$11.6M · 425 accts · $71K emplr
2022$10.8M · 391 accts · $72K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,695
Investment management$2,376
Total administrative$65,571
Employer contributions to the North Suffolk Community Services, Inc. plan · 2024
Employer contribution per active participant$83
Median for plans this size$2,416
2024$83 per active participant
2023$74 per active participant
2022$95 per active participant

North Suffolk Community Services, Inc.'s 2024 employer contribution ran below the $2,416 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.

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
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants)$65,571
CAMBRIDGE INVESTMENT RESEARCH · Securities brokerageindirect comp
AEGIS RETIREMENT PARTNERS, LLC · Other servicesindirect comp

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$65,571 · 0.51%
2023$56,210 · 0.50%
2022$52,095 · 0.51%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Pediatrics West, P.C. MA$14.2M · 0.01%
Onsite Mammography, LLC MA$13.6M · 0.30%
Psychemedics Corporation MA$13.5M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042317215 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.