Plan Ledger DOL Form 5500 · updated monthly

Recover Together, Inc.401(k)

RECOVER TOGETHER 401(K) PROFIT SHARING PLAN · BURLINGTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Recover Together, Inc. reported $40,016 in plan administrative expenses for 2024: 0.40% of average plan assets, below the peer median. Employer contributions averaged $957 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 0.29% to 0.40%. 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 (1,789th of 2,726), and the 5,345th of 11,911 in health care & social assistance. In 2024, employees put in $4.04 for every $1.00 the employer contributed; active participation has grown from 607 to 691 since 2022.

Plan summary
Net assets, end of year$11,334,620
Participants with balances742
Active participants691
Employer contributions$661,431
Employee contributions$2,670,296
Employer contribution per active participant$957
Average account balance$15,276
Benefits paid to participants$1,984,625
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 742 accts · $661K emplr
2023$8.6M · 770 accts · $608K emplr
2022$5.4M · 650 accts · $486K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,016
Total administrative$40,016
The Recover Together, Inc. 401(k) match · 2024
Employer contribution per active participant$957
Median for plans this size$1,313
2024$957 per active participant
2023$873 per active participant
2022$800 per active participant

Recover Together, Inc.'s 2024 employer contribution ran below the $1,313 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
ADP, INC. · Loan processing · Recordkeeping$40,015

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

Recordkeeper by year2
2024ADP
2023ADP

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Administrative cost history3
2024$40,016 · 0.40%
2023$31,549 · 0.45%
2022$12,875 · 0.29%
Same employer
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Westmass Eldercare, Inc. MA$11.5M · 0.44%
Hdc Care Solutions LLC MA$11.5M · 0.30%
Bane Concord Master, LLC MA$11.4M · 1.06%
Nupath, Inc. MA$11.2M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464126690 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.