Plan Ledger DOL Form 5500 · updated monthly

Spinal Group, Inc.401(k)

SPINAL GROUP, INC. 401(K) PLAN · WEST YARMOUTH, MA · plan year 2023

Reported admin expense ratio · 2023
0.41%

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

Spinal Group, Inc. reported $46,968 in plan administrative expenses for 2023: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,963 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 0.23% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Massachusetts (1,744th of 2,726), and 8,064th of 13,661 in manufacturing. In 2023, employees put in $2.29 for every $1.00 the employer contributed; active participation has grown from 89 to 117 since 2022.

Plan summary
Net assets, end of year$11,887,351
Participants with balances112
Active participants117
Employer contributions$229,656
Employee contributions$526,760
Employer contribution per active participant$1,963
Average account balance$106,137
Benefits paid to participants$2,101,616
Plan auditUnmodified (clean) audit opinion
AuditorFIONDELLA MILONE & LASARACINA
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$11.9M · 112 accts · $230K emplr
2022$11.2M · 117 accts · $254K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,468
Investment management$44,500
Total administrative$46,968
The Spinal Group, Inc. 401(k) match · 2023
Employer contribution per active participant$1,963
Median for plans this size$2,440
2023$1,963 per active participant
2022$2,855 per active participant

Spinal Group, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
RESOURCES INVESTMENT ADVISORS, INC. · Recordkeeping · Pension consulting$25,430
FIONDELLA, MILONE & LASARACINA LLP · Recordkeeping · Pension consulting$10,500
COASTAL CAPITAL GROUP, INC. · Recordkeeping · Pension consulting$8,569
ADP, INC. · Loan processing · Recordkeeping$2,468
ADP BROKER-DEALERindirect comp

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

Administrative cost history3
2024Not separately reported
2023$46,968 · 0.41%
2022$28,684 · 0.23%
Same employer
Similar plansManufacturing · Massachusetts
Katahdin Industries, Inc MA$12.1M · 0.27%
Columbia Care, Inc. MA$11.9M · 1.56%
Rubius Therapeutics, Inc. MA$11.9M · 0.06%
Jaco, Inc. MA$11.5M · 0.31%
Scpharmaceuticals, Inc. MA$11.4M · 0.37%
Lawton Welding Co., Inc. MA$11.3M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043440041 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.