Plan Ledger DOL Form 5500 · updated monthly

Securities Finance Trust Company401(k)

ESECLENDING RETIREMENT SAVINGS PLAN · BOSTON, MA · plan year 2025

Reported admin expense ratio · 2025
0.13%

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

Securities Finance Trust Company reported $26,362 in plan administrative expenses for 2025: 0.13% of average plan assets, below the peer median. Employer contributions averaged $2,174 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 rose from 0.12% to 0.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,236th-largest of 2,726 plans among Massachusetts employers on file, and 2,933rd of 4,798 in finance & insurance. In 2025, employees put in $5.47 for every $1.00 the employer contributed; active participation has grown from 91 to 102 since 2022.

Plan summary
Net assets, end of year$21,584,875
Participants with balances126
Active participants102
Employer contributions$221,727
Employee contributions$1,212,391
Employer contribution per active participant$2,174
Average account balance$171,309
Benefits paid to participants$1,301,688
Plan auditUnmodified (clean) audit opinion
AuditorBOIVIN & ASSOCIATES, CPA, LLC
Plan history4
Yearassets · accounts · employer contribution
2025$21.6M · 126 accts · $222K emplr
2024$18.5M · 124 accts · $222K emplr
2023$15.4M · 123 accts · $204K emplr
2022$13.0M · 121 accts · $199K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$2,040
Investment management$20,000
Total administrative$26,362
The Securities Finance Trust Company 401(k) match · 2025
Employer contribution per active participant$2,174
Median for plans this size$2,666
2025$2,174 per active participant
2024$2,224 per active participant
2023$2,123 per active participant
2022$2,184 per active participant

Securities Finance Trust Company's 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
PINNACLE PENSION CONSULTANTS LLC · Investment advisory (plan)$20,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,040

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

Administrative cost history4
2025$26,362 · 0.13%
2024$15,414 · 0.09%
2023$13,702 · 0.10%
2022$17,218 · 0.12%
Similar plansFinance & Insurance · Massachusetts
Battery Management Corp. MA$22.8M · 0.01%
Moors & Cabot, Inc. MA$22.7M · 0.12%
Align Credit Union MA$22.5M · 0.21%
Ra Capital Management LLC MA$21.5M · 0.01%
Leominster Credit Union MA$20.0M · 0.14%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 463307340 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.