Plan Ledger DOL Form 5500 · updated monthly

Norwell Visiting Nurse Association, Inc.401(k)

NORWELL VNA AND HOSPICE 401(K) PLAN & TRUST · NORWELL, MA · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Norwell Visiting Nurse Association, Inc. reported $86,422 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,185 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 0.52%. 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 (1,420th of 2,726), and the 4,023rd of 11,911 in health care & social assistance. In 2024, employees put in $3.94 for every $1.00 the employer contributed; active participation has grown from 265 to 325 since 2022.

Plan summary
Net assets, end of year$17,718,569
Participants with balances427
Active participants325
Employer contributions$385,102
Employee contributions$1,517,671
Employer contribution per active participant$1,185
Average account balance$41,495
Benefits paid to participants$1,911,721
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.7M · 427 accts · $385K emplr
2023$15.2M · 397 accts · $349K emplr
2022$12.6M · 359 accts · $298K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,404
Investment management$33,233
Total administrative$86,422
The Norwell Visiting Nurse Association, Inc. 401(k) match · 2024
Employer contribution per active participant$1,185
Median for plans this size$2,416
2024$1,185 per active participant
2023$1,213 per active participant
2022$1,123 per active participant

Norwell Visiting Nurse Association, 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 · 20242
JOHN HANCOCK LIFE INSURANCE COMP. · Recordkeeping · Investment management$2,876
ROCKLAND TRUST · Investment advisory (participants)$33,233

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$86,422 · 0.52%
2023$68,833 · 0.49%
2022$72,092 · 0.51%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Health Management Services MA$18.4M · 0.42%
Upstream USA, Inc. MA$17.5M · 0.44%
Dothouse Health MA$17.0M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042104797 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.