Plan Ledger DOL Form 5500 · updated monthly

Quincy Community Action Program401(k)

403(B) THRIFT PLAN FOR EMPLOYEES OF QUINCY COMMUNITY ACTION PROGRAMS, INC. · QUINCY, MA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Quincy Community Action Program reported $2,035 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,277 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 0.01% to 0.02%. 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 (1,752nd of 2,726), and the 5,216th of 11,911 in health care & social assistance. In 2024, the employer put in $1.05 for every $1.00 employees contributed themselves; active participation has grown from 155 to 175 since 2022.

Plan summary
Net assets, end of year$11,771,055
Participants with balances193
Active participants175
Employer contributions$398,427
Employee contributions$380,578
Employer contribution per active participant$2,277
Average account balance$60,990
Benefits paid to participants$438,054
Plan auditUnmodified (clean) audit opinion
AuditorNASH CPAS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 193 accts · $398K emplr
2023$10.2M · 193 accts · $420K emplr
2022$8.8M · 187 accts · $339K emplr
The Quincy Community Action Program 401(k) match · 2024
Employer contribution per active participant$2,277
Median for plans this size$2,416
2024$2,277 per active participant
2023$2,592 per active participant
2022$2,190 per active participant

Quincy Community Action Program's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$2,499

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$2,035 · 0.02%
2023$1,289 · 0.01%
2022$517 · 0.01%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Regional Home Care, Inc. MA$12.2M · 0.88%
Lifestream, Inc. MA$11.9M · 0.04%
Lynn Community Health Inc MA$11.8M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042391348 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.