Plan Ledger DOL Form 5500 · updated monthly

Quincy Mutual Fire Insurance Co.401(k)

QUINCY MUTUAL FIRE INSURANCE COMPANY 401(K) PROFIT SHARING PLAN AND TRUST · QUINCY, MA · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Quincy Mutual Fire Insurance Co. reported $3,624 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,822 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 has held roughly steady near 0.004%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 435th-largest of 2,726 plans among Massachusetts employers on file, and the 1,032nd of 4,798 in finance & insurance. In 2024, employees put in $1.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$96,276,975
Participants with balances313
Active participants227
Employer contributions$1,775,609
Employee contributions$1,962,271
Employer contribution per active participant$7,822
Average account balance$307,594
Benefits paid to participants$7,170,392
Plan auditUnmodified (clean) audit opinion
AuditorPOZERSKI HATCH & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$96.3M · 313 accts · $1.8M emplr
2023$85.6M · 282 accts · $1.6M emplr
2022$74.0M · 285 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,624
Total administrative$3,624
The Quincy Mutual Fire Insurance Co. 401(k) match · 2024
Employer contribution per active participant$7,822
Median for plans this size$3,635
2024$7,822 per active participant
2023$6,781 per active participant
2022$7,201 per active participant

Quincy Mutual Fire Insurance Co.'s 2024 employer contribution ran above the $3,635 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 · 20241
T ROWE PRICE RPS INC · Recordkeeping · Trustee$3,625

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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

Administrative cost history3
2024$3,624 · 0.00%
2023$3,839 · 0.00%
2022$3,225 · 0.00%
Same employer
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Summit Partners, LP MA$112.5M · 0.10%
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Source: U.S. Department of Labor, Form 5500 series, EIN 041752900 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.