Plan Ledger DOL Form 5500 · updated monthly

Scully Signal Company401(k)

SCULLY SIGNAL COMPANY 401(K) PROFIT SHARING PLAN · WILMINGTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Scully Signal Company reported $70,581 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,902 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 0.44% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Massachusetts (1,702nd of 2,726), and 7,904th of 13,661 in manufacturing. In 2024, employees put in $3.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,395,961
Participants with balances110
Active participants89
Employer contributions$169,273
Employee contributions$569,747
Employer contribution per active participant$1,902
Average account balance$112,691
Benefits paid to participants$517,739
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.4M · 110 accts · $169K emplr
2023$10.8M · 110 accts · $181K emplr
2022$9.5M · 109 accts · $168K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,403
Investment management$41,728
Total administrative$70,581
The Scully Signal Company 401(k) match · 2024
Employer contribution per active participant$1,902
Median for plans this size$2,416
2024$1,902 per active participant
2023$2,007 per active participant
2022$1,915 per active participant

Scully Signal Company'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
BAY COLONY ADVISORS · Investment advisory (participants)$41,728

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$70,581 · 0.61%
2023$57,172 · 0.56%
2022$45,652 · 0.44%
Similar plansManufacturing · Massachusetts
J & E Precision Tool, LLC MA$12.8M · 0.48%
Pete's Tire Barn, Inc. MA$12.7M · 0.60%
Foghorn Therapeutics Inc MA$12.6M · 0.33%
Equal Exchange, Inc. MA$12.4M · 0.03%
Alimed, Inc. MA$12.4M · 0.59%
Raw Seafoods, Inc. MA$12.3M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 041816980 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.