Plan Ledger DOL Form 5500 · updated monthly

Rockland Trust Company401(k)

ROCKLAND TRUST CO EE SAVINGS PS AND STOCK OWNERSHIP PLAN · HANOVER, MA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Rockland Trust Company reported $171,483 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $5,084 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 fell from 0.13% to 0.06%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 179th-largest of 2,726 plans among Massachusetts employers on file, and the 449th of 4,798 in finance & insurance. In 2024, employees put in $1.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$300,003,126
Participants with balances2,326
Active participants1,890
Employer contributions$9,609,468
Employee contributions$14,966,316
Employer contribution per active participant$5,084
Average account balance$128,978
Benefits paid to participants$36,612,240
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$300.0M · 2,326 accts · $9.6M emplr
2023$270.0M · 2,264 accts · $9.3M emplr
2022$227.9M · 2,198 accts · $8.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$171,483
Total administrative$171,483
The Rockland Trust Company 401(k) match · 2024
Employer contribution per active participant$5,084
Median for plans this size$4,294
2024$5,084 per active participant
2023$5,053 per active participant
2022$4,926 per active participant

Rockland Trust Company's 2024 employer contribution ran above the $4,294 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 · 20242
ADP, INC. · Loan processing · Recordkeeping$171,722
CHARLES SCHWAB & CO, INC. · Securities brokerage$228

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

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

Administrative cost history3
2024$171,483 · 0.06%
2023$161,987 · 0.07%
2022$320,843 · 0.13%
All plans at this employer2
ROCKLAND TRUST CO EE SAVINGS PS AND STOCK OWNERSHIP PLAN401(k)
EAST BOSTON SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Eastern Bank MA$381.4M · 0.10%
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The Colony Group, LLC MA$269.5M · 0.01%
Harbourvest Partners, LLC MA$225.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 041782600 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.