Plan Ledger DOL Form 5500 · updated monthly

Sps New England, Inc.401(k)

SPS NEW ENGLAND, INC. PROFIT SHARING/RETIREMENT PLAN · SALISBURY, MA · plan year 2024

Reported admin expense ratio · 2024
0.06%

Sps New England, Inc. reported $25,136 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. 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 fell from 0.10% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 791st-largest of 2,726 plans among Massachusetts employers on file, and the 1,192nd of 5,337 in construction. active participation has shrunk from 315 to 272 since 2022.

Plan summary
Net assets, end of year$42,204,487
Participants with balances296
Active participants272
Employer contributions—
Employee contributions$1,826,996
Employer contribution per active participant—
Average account balance$142,583
Benefits paid to participants$4,963,367
Plan auditUnmodified (clean) audit opinion
AuditorLITMAN GERSON ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$42.2M · 296 accts
2023$39.7M · 300 accts
2022$36.1M · 333 accts
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 · 20246
LITMAN GERSON ASSOCIATES LLP DBA LG · Accounting / audit$19,000
LEAFHOUSE FINANCIAL ADVISORS, LLC · Investment advisory (plan)$16,601
EMPOWER ADVISORY GROUP, LLC · Investment management$11,578
THE ANGELL PENSION GROUP INC · Contract administrator$6,488
NEXT FINANCIAL GROUP INCindirect 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
2024$25,136 · 0.06%
2023$50,114 · 0.13%
2022$42,442 · 0.10%
All plans at this employer2
SPS NEW ENGLAND, INC. PROFIT SHARING/RETIREMENT PLAN401(k)
SPS NEW ENGLAND, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansConstruction · Massachusetts
Keville Enterprises, Inc. MA$47.0M · 0.31%
Elm Electrical, Inc. MA$43.8M · 0.01%
N.E.L. Corporation MA$43.6M · 0.01%
Jay Cashman, Inc. MA$37.4M · 0.02%
Walsh Brothers, Inc. MA$36.8M · 0.29%
Harry Grodsky & Co., Inc. MA$35.1M · 0.06%
Commodore Builders LLC MA$35.1M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042741165 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.