Plan Ledger DOL Form 5500 · updated monthly

Shrewsbury Nursing & Rehabilitation Center, Inc.401(k)

SENIOR LIVING GROUP 401(K) PLAN · SHREWSBURY, MA · plan year 2023

Reported admin expense ratio · 2023
0.97%

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

Shrewsbury Nursing & Rehabilitation Center, Inc. reported $22,473 in plan administrative expenses for 2023: 0.97% of average plan assets, higher than ~75% of peers. Employer contributions averaged $178 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 has held roughly steady near 0.97%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (2,536th of 2,726), and 9,636th of 11,911 in health care & social assistance. In 2023, employees put in $7.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,507,962
Participants with balances118
Active participants211
Employer contributions$37,513
Employee contributions$272,784
Employer contribution per active participant$178
Average account balance$21,254
Benefits paid to participants$260,836
Plan auditUnmodified (clean) audit opinion
AuditorO'CONNOR, MALONEY & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $16K emplr
2023$2.5M · 118 accts · $38K emplr
2022$2.1M · 124 accts · $40K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$14,790
Investment management$7,683
Total administrative$22,473
The Shrewsbury Nursing & Rehabilitation Center, Inc. 401(k) match · 2023
Employer contribution per active participant$178
Median for plans this size$1,308
2023$178 per active participant
2022$189 per active participant

Shrewsbury Nursing & Rehabilitation Center, Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom quarter of its peers. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeeping$12,890
COMMONWEALTH FINANCIAL NETWORK · Insurance broker$7,683

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024Not separately reported
2023$22,473 · 0.97%
2022$21,428 · 0.95%
Similar plansHealth Care & Social Assistance · Massachusetts
Copley at Stoughton MA$2.7M · 0.67%
Wachusett Ventures MA$2.5M · 0.79%
Heading Home MA$2.4M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042449835 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.