Plan Ledger DOL Form 5500 · updated monthly

Sentinel Benefits Group, Inc.401(k)

SENTINEL BENEFITS GROUP, INC. PROFIT SHARING & 401(K) TRUST · WAKEFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Sentinel Benefits Group, Inc. reported $19,488 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,377 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 0.02% to 0.03%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 549th-largest of 2,726 plans among Massachusetts employers on file, and the 2,081st of 11,654 in professional & technical services. In 2024, employees put in $3.21 for every $1.00 the employer contributed; active participation has grown from 247 to 272 since 2022.

Plan summary
Net assets, end of year$69,081,523
Participants with balances337
Active participants272
Employer contributions$918,487
Employee contributions$2,950,349
Employer contribution per active participant$3,377
Average account balance$204,990
Benefits paid to participants$4,360,961
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$69.1M · 337 accts · $918K emplr
2023$59.4M · 330 accts · $785K emplr
2022$48.7M · 311 accts · $694K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,923
Audit (IQPA)$12,540
Total administrative$19,488
The Sentinel Benefits Group, Inc. 401(k) match · 2024
Employer contribution per active participant$3,377
Median for plans this size$3,635
2024$3,377 per active participant
2023$2,884 per active participant
2022$2,810 per active participant

Sentinel Benefits Group, Inc.'s 2024 employer contribution ran below the $3,635 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
SENTINEL BENEFITS GROUP, INC · Recordkeeping$6,923
FORVIS MAZARS, LLP · Accounting / audit$12,540

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$19,488 · 0.03%
2023$10,806 · 0.02%
2022$9,504 · 0.02%
Same employer
Similar plansProfessional & Technical Services · Massachusetts
Wolf & Company, P.C. MA$70.9M · 0.23%
Bowditch & Dewey, LLP MA$70.2M · 0.04%
Aafcpas, Inc. MA$68.6M · 0.07%
Infovista Technologies Inc. MA$68.5M · 0.27%
Hemenway & Barnes LLP MA$68.3M · 0.20%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 043015875 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.