Plan Ledger DOL Form 5500 · updated monthly

Slade Gorton & Co., Inc.401(k)

SLADE GORTON & CO., INC. 401(K) SAVINGS PLAN · BOSTON, MA · plan year 2022

Reported admin expense ratio · 2022
0.25%

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

Slade Gorton & Co., Inc. reported $27,750 in plan administrative expenses for 2022: 0.25% of average plan assets, below the peer median. Employer contributions averaged $1,081 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 1 year on file its reported administrative ratio rose from 0.25% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Massachusetts (1,868th of 2,726), and 8,626th of 13,661 in manufacturing. In 2022, employees put in $10.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,347,681
Participants with balances107
Active participants52
Employer contributions$56,219
Employee contributions$585,811
Employer contribution per active participant$1,081
Average account balance$96,707
Benefits paid to participants$860,693
Plan auditUnmodified (clean) audit opinion
AuditorCITRIN COOPERMAN AND COMPANY LLP
Plan history2
Yearassets · accounts · employer contribution
2023$557 · 3 accts · $27K emplr
2022$10.3M · 107 accts · $56K emplr
Administrative expenses, itemized · 2022
Investment management$702
Total administrative$27,750
The Slade Gorton & Co., Inc. 401(k) match · 2022
Employer contribution per active participant$1,081
Median for plans this size$2,266
2023$506 per active participant
2022$1,081 per active participant

Slade Gorton & Co., Inc.'s 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$25,269 · 0.49%
2022$27,750 · 0.25%
Similar plansManufacturing · Massachusetts
Polycarbon Industries, Inc. MA$10.6M · 0.03%
Walpole Outdoors MA$10.6M · 0.50%
Lyn Lad Group, LTD MA$10.6M · 0.33%
Crrc Ma Corporation MA$10.6M · 0.03%
Epec, LLC MA$10.3M · 0.01%
Valley Steel Stamp Inc MA$10.1M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042260523 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.