Plan Ledger DOL Form 5500 · updated monthly

Pediatric Associates of Greater Salem, Inc.401(k)

PEDIATRIC ASSOCIATES OF GREATER SALEM, INC. 401(K) PROFIT SHARING PLAN · BEVERLY, MA · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Pediatric Associates of Greater Salem, Inc. reported $42,055 in plan administrative expenses for 2024: 0.43% of average plan assets, below the peer median. Employer contributions averaged $2,395 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 0.40% to 0.43%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (1,860th of 2,726), and the 5,563rd of 11,911 in health care & social assistance. In 2024, employees put in $2.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,475,872
Participants with balances92
Active participants83
Employer contributions$198,793
Employee contributions$416,931
Employer contribution per active participant$2,395
Average account balance$113,868
Benefits paid to participants$446,990
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 92 accts · $199K emplr
2023$9.2M · 105 accts · $163K emplr
2022$8.4M · 110 accts · $297K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,467
Investment management$28,404
Total administrative$42,055
The Pediatric Associates of Greater Salem, Inc. 401(k) match · 2024
Employer contribution per active participant$2,395
Median for plans this size$1,313
2024$2,395 per active participant
2023$1,921 per active participant
2022$3,378 per active participant

Pediatric Associates of Greater Salem, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20245
TIMESCALE FINANCIAL INC · Investment advisory (plan)$17,833
ONE DIGITAL TOPCO LLC DBA RESOURCES · Investment advisory (plan)$6,481
EMPOWER ADVISORY GROUP, LLC · Investment management$4,090
PEDIATRIC ASSOCIATES OF GREATER DBA$1,184

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$42,055 · 0.43%
2023$37,500 · 0.43%
2022$35,558 · 0.40%
Similar plansHealth Care & Social Assistance · Massachusetts
Latham Centers, Inc. MA$10.4M · 0.20%
Lasell Village, Inc. MA$10.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042740173 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.