Plan Ledger DOL Form 5500 · updated monthly

Open Sky Community Services, Inc.403(b)

OPEN SKY COMMUNITY SERVICES, INC. TAX-DEFERRED ANNUITY PLAN · WORCESTER, MA · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Open Sky Community Services, Inc. reported $135,806 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $490 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 0.20% to 0.41%. 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 the 918th-largest of 2,726 plans among Massachusetts employers on file, and the 2,503rd of 11,911 in health care & social assistance. In 2024, employees put in $3.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$34,398,930
Participants with balances986
Active participants1,379
Employer contributions$675,602
Employee contributions$2,093,391
Employer contribution per active participant$490
Average account balance$34,887
Benefits paid to participants$4,363,564
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.4M · 986 accts · $676K emplr
2023$32.4M · 990 accts · $642K emplr
2022$27.6M · 990 accts · $605K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,855
Trustee / custodial$110,951
Total administrative$135,806
Employer contributions to the Open Sky Community Services, Inc. plan · 2024
Employer contribution per active participant$490
Median for plans this size$2,416
2024$490 per active participant
2023$504 per active participant
2022$472 per active participant

Open Sky 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 · 20242
LINCOLN NATIONAL CORPORATION · Contract administrator$110,951
ANGELL PENSION GROUP, INC. · Investment advisory (participants)$24,855

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$135,806 · 0.41%
2023$106,962 · 0.36%
2022$56,857 · 0.20%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Apderm Management LLC MA$39.3M · 0.34%
Community Teamwork Inc. MA$37.2M · 0.10%
Austen Riggs Center, Inc. MA$33.9M · 0.02%
Agespan, Inc. MA$33.5M · 0.03%
Woburn Pediatric Associates MA$33.4M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042587863 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.