Plan Ledger DOL Form 5500 · updated monthly

Norwood Subaru, Inc.401(k)

NORWOOD SUBARU, INC. 401(K) PLAN · NORWOOD, MA · plan year 2023

Reported admin expense ratio · 2023
1.10%

Norwood Subaru, Inc. reported $100,667 in plan administrative expenses for 2023: 1.10% of average plan assets, higher than ~75% of peers. 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 1 year on file its reported administrative ratio rose from 0.71% to 1.10%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Massachusetts (1,913th of 2,726), and 2,658th of 5,215 in retail trade.

Plan summary
Net assets, end of year$9,832,714
Participants with balances84
Active participants58
Employer contributions—
Employee contributions$427,263
Employer contribution per active participant—
Average account balance$117,056
Benefits paid to participants$1,002,205
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$9.8M · 84 accts
2022$8.5M · 124 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$100,667
Total administrative$100,667
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$67,646
THE BENEFIT PRACTICE · Recordkeeping · Loan processing$3,916
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$18,305
WITHUM SMITH & BROWN PC · Accounting / audit$10,800

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

Administrative cost history2
2023$100,667 · 1.10%
2022$72,595 · 0.71%
Similar plansRetail Trade · Massachusetts
Tps Group Holdings LLC MA$10.8M · 0.84%
Onprocess Technology, Inc. MA$10.6M · 0.04%
Sullivans Pharmacy MA$10.3M · 0.24%
Richard Lundgren, Inc. MA$10.1M · 0.29%
Rolf C. Hagen USA Corp MA$9.6M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042519486 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.