Plan Ledger DOL Form 5500 · updated monthly

St. Ann's Home, Inc.401(k)

ST. ANN'S HOME, INC. RETIREMENT PLAN TRUST · METHUEN, MA · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

St. Ann's Home, Inc. reported $92,404 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $2,720 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 fell from 0.33% to 0.31%. 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 970th-largest of 2,726 plans among Massachusetts employers on file, and the 2,656th of 11,911 in health care & social assistance. In 2024, employees put in $1.24 for every $1.00 the employer contributed; active participation has grown from 246 to 331 since 2022.

Plan summary
Net assets, end of year$31,608,500
Participants with balances439
Active participants331
Employer contributions$900,329
Employee contributions$1,120,715
Employer contribution per active participant$2,720
Average account balance$72,001
Benefits paid to participants$2,943,133
Plan auditUnmodified (clean) audit opinion
AuditorLEONARD, MULHERIN & GREENE, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$31.6M · 439 accts · $900K emplr
2023$28.5M · 416 accts · $1.2M emplr
2022$24.7M · 378 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$82,970
Total administrative$92,404
The St. Ann's Home, Inc. 401(k) match · 2024
Employer contribution per active participant$2,720
Median for plans this size$2,416
2024$2,720 per active participant
2023$3,515 per active participant
2022$4,504 per active participant

St. Ann's Home, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ASCENSUS · Recordkeeping$38,374
CAMBRIDGE INVESTMENT ADVISOR · Investment advisory (plan)$55,529
MAP RETIREMENT INC · Contract administrator$8,725

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$92,404 · 0.31%
2023$78,114 · 0.29%
2022$88,704 · 0.33%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Franciscan Children's MA$32.6M · 0.02%
Editas Medicine, Inc. MA$32.2M · 0.04%
Valley Medical Group, P.C. MA$31.4M · 0.20%
Integritus Healthcare MA$31.1M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042104866 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.