Plan Ledger DOL Form 5500 · updated monthly

Sullivan & Worcester LLP401(k)

SULLIVAN & WORCESTER LLP SAVINGS AND INVESTMENT PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Sullivan & Worcester LLP reported $87,882 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $1,046 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 0.09% to 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 389th-largest of 2,726 plans among Massachusetts employers on file, and the 1,300th of 11,654 in professional & technical services. In 2024, employees put in $15.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$117,911,193
Participants with balances277
Active participants197
Employer contributions$206,037
Employee contributions$3,129,613
Employer contribution per active participant$1,046
Average account balance$425,672
Benefits paid to participants$9,741,529
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$117.9M · 277 accts · $206K emplr
2023$108.1M · 282 accts · $185K emplr
2022$102.4M · 295 accts · $196K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,275
Investment management$86,607
Total administrative$87,882
The Sullivan & Worcester LLP 401(k) match · 2024
Employer contribution per active participant$1,046
Median for plans this size$3,635
2024$1,046 per active participant
2023$967 per active participant
2022$1,042 per active participant

Sullivan & Worcester LLP's 2024 employer contribution ran below the $3,635 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 · 20244
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$47,173
WELCH & FORBES LLC · Investment advisory (participants)$30,552
BIRCH HILL INVESTMENT ADVISORS · Investment advisory (participants)$10,157
CHARLES SCHWAB & CO., INC. · Securities brokerage$208

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$87,882 · 0.08%
2023$75,647 · 0.07%
2022$100,805 · 0.09%
All plans at this employer3
SULLIVAN & WORCESTER LLP RETIREMENT PLANMoney purchase plan
SULLIVAN & WORCESTER LLP SAVINGS AND INVESTMENT PLAN401(k)
SULLIVAN & WORCESTER LLP SAVINGS AND INVESTMENT PLAN FOR ASSOCIATES401(k)
Same employer
Similar plansProfessional & Technical Services · Massachusetts
Jenzabar, Inc. MA$120.0M · 0.13%
Klaviyo, Inc. MA$119.5M · 0.18%
Advent International L.P. MA$117.9M · 0.05%
The Vertex Companies, LLC MA$117.7M · 0.03%
Lionbridge Technologies, LLC MA$112.3M · 0.33%
American Well Corporation MA$108.4M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042387531 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.