Plan Ledger DOL Form 5500 · updated monthly

Shawmut LLC401(k)

SHAWMUT LLC 401(K) SAVINGS PLAN · WEST BRIDGEWATER, MA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Shawmut LLC reported $51,863 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $1,627 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 0.08% to 0.20%. 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 the 1,061st-largest of 2,726 plans among Massachusetts employers on file, and the 4,767th of 13,661 in manufacturing. In 2024, employees put in $2.65 for every $1.00 the employer contributed; active participation has grown from 312 to 414 since 2022.

Plan summary
Net assets, end of year$27,772,253
Participants with balances535
Active participants414
Employer contributions$673,736
Employee contributions$1,782,830
Employer contribution per active participant$1,627
Average account balance$51,911
Benefits paid to participants$2,999,423
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$27.8M · 535 accts · $674K emplr
2023$24.9M · 542 accts · $573K emplr
2022$22.4M · 544 accts · $627K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,756
Investment management$9,207
Audit (IQPA)$29,400
Total administrative$51,863
The Shawmut LLC 401(k) match · 2024
Employer contribution per active participant$1,627
Median for plans this size$2,416
2024$1,627 per active participant
2023$1,336 per active participant
2022$2,008 per active participant

Shawmut LLC'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 · 20243
RAPHEAL & RAPHAEL LLP · Accounting / audit$29,400
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$10,756
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$9,207

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$51,863 · 0.20%
2023$15,161 · 0.06%
2022$20,200 · 0.08%
Same employer
Similar plansManufacturing · Massachusetts
The L.S. Starrett Company MA$29.0M · 0.69%
Cox Engineering Company MA$29.0M · 0.13%
The Gem Group, Inc. MA$28.2M · 0.44%
Avedis Zildjian Co. MA$27.8M · 0.21%
Nye Lubricants, Inc. MA$26.9M · 0.02%
Harmonic Drive LLC MA$26.9M · 0.27%
Plansee USA LLC MA$26.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 830963693 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.