Plan Ledger DOL Form 5500 · updated monthly

South Shore Mental Health Center, Inc.403(b)

SOUTH SHORE MENTAL HEALTH CENTER, INC. TAX SHELTERED ANN. PLAN · BRAINTREE, MA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

South Shore Mental Health Center, Inc. reported $98,832 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $483 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 0.26% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,041st-largest of 2,726 plans among Massachusetts employers on file, and the 2,851st of 11,911 in health care & social assistance. In 2024, employees put in $4.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,959,412
Participants with balances502
Active participants514
Employer contributions$248,321
Employee contributions$1,185,052
Employer contribution per active participant$483
Average account balance$57,688
Benefits paid to participants$3,984,548
Plan auditUnmodified (clean) audit opinion
AuditorPKF JND, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$29.0M · 502 accts · $248K emplr
2023$28.4M · 511 accts · $246K emplr
2022$27.7M · 522 accts · $240K emplr
Employer contributions to the South Shore Mental Health Center, Inc. plan · 2024
Employer contribution per active participant$483
Median for plans this size$2,416
2024$483 per active participant
2023$459 per active participant
2022$429 per active participant

South Shore Mental Health Center, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MMA SECURITIES LLC · Investment advisory (plan)$53,404
THE ANGELL PENSION GROUP INC · Contract administrator$5,000

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$98,832 · 0.34%
2023$107,722 · 0.38%
2022$71,090 · 0.26%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Servicenet, Inc. MA$30.7M · 0.73%
Skincare Physicians, Inc. MA$30.7M · 0.02%
Alliance Health, Inc. MA$28.7M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042677185 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.