Plan Ledger DOL Form 5500 · updated monthly

Northland Investment Corporation401(k)

NORTHLAND INVESTMENT CORPORATION 401(K) PLAN · NEWTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Northland Investment Corporation reported $93,879 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,462 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 0.08% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 986th-largest of 2,726 plans among Massachusetts employers on file, and the 443rd of 2,096 in real estate & leasing. In 2024, employees put in $2.84 for every $1.00 the employer contributed; active participation has grown from 629 to 708 since 2022.

Plan summary
Net assets, end of year$30,868,218
Participants with balances956
Active participants708
Employer contributions$1,035,159
Employee contributions$2,944,939
Employer contribution per active participant$1,462
Average account balance$32,289
Benefits paid to participants$1,449,030
Plan auditUnmodified (clean) audit opinion
AuditorWS CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$30.9M · 956 accts · $1.0M emplr
2023$24.3M · 859 accts · $886K emplr
2022$19.7M · 809 accts · $925K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,879
Total administrative$93,879
The Northland Investment Corporation 401(k) match · 2024
Employer contribution per active participant$1,462
Median for plans this size$2,416
2024$1,462 per active participant
2023$1,335 per active participant
2022$1,471 per active participant

Northland Investment Corporation'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$93,879

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$93,879 · 0.34%
2023$75,402 · 0.34%
2022$16,682 · 0.08%
Same employer
Similar plansReal Estate & Leasing · Massachusetts
Peabody Properties, Inc. MA$40.4M · 0.43%
Cresa Partners Boston Inc MA$39.9M · 0.41%
The Dolben Company, Inc. MA$31.3M · 0.25%
Hallkeen Management, Inc. MA$27.2M · 1.18%
The Druker Company, LTD MA$26.8M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223137052 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.