Plan Ledger DOL Form 5500 · updated monthly

Officeworks, Inc.401(k)

OFFICE WORKS, INC. 401(K) PLAN · BURLINGTON, MA · plan year 2025

Reported admin expense ratio · 2025
0.26%

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

Officeworks, Inc. reported $52,908 in plan administrative expenses for 2025: 0.26% of average plan assets, below the peer median. Employer contributions averaged $4,000 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 fell from 0.29% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,178th-largest of 2,726 plans among Massachusetts employers on file, and the 5,003rd of 11,654 in professional & technical services. In 2025, employees put in $2.14 for every $1.00 the employer contributed; active participation has grown from 109 to 183 since 2022.

Plan summary
Net assets, end of year$23,372,073
Participants with balances220
Active participants183
Employer contributions$731,924
Employee contributions$1,564,291
Employer contribution per active participant$4,000
Average account balance$106,237
Benefits paid to participants$755,299
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$23.4M · 220 accts · $732K emplr
2024$17.7M · 187 accts · $631K emplr
2023$13.9M · 167 accts · $466K emplr
2022$9.6M · 118 accts · $400K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$3,970
Investment management$48,938
Total administrative$52,908
The Officeworks, Inc. 401(k) match · 2025
Employer contribution per active participant$4,000
Median for plans this size$2,666
2025$4,000 per active participant
2024$3,872 per active participant
2023$3,449 per active participant
2022$3,672 per active participant

Officeworks, Inc.'s 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251
CAMBRIDGE INVESTMENT RESEARCH · Investment advisory (plan)$48,938

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

Administrative cost history4
2025$52,908 · 0.26%
2024$45,247 · 0.29%
2023$31,763 · 0.27%
2022$30,013 · 0.29%
Similar plansProfessional & Technical Services · Massachusetts
Snyk, Inc. MA$23.6M · 0.40%
Forma Therapeutics, Inc. MA$23.6M · 0.13%
O'Connor & Drew P.C. MA$23.5M · 0.06%
Corevitas, LLC MA$23.4M · 0.30%
Logixhealth, Inc MA$23.2M · 0.47%
Voyager Therapeutics Inc. MA$23.0M · 0.48%
Acronis, Inc. MA$22.9M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043266064 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.