Plan Ledger DOL Form 5500 · updated monthly

The Arc of Opportunity in North Central Massachusetts Inc401(k)

THE ARC OF OPPORTUNITY IN NORTH CENTRAL MASSACHUSETTS 401K PROFIT SHARING PLAN AND TRUST · FITCHBURG, MA · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

The Arc of Opportunity in North Central Massachusetts Inc reported $22,537 in plan administrative expenses for 2024: 0.35% of average plan assets, below the peer median. Employer contributions averaged $998 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 0.29% to 0.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (2,149th of 2,726), and 6,871st of 11,911 in health care & social assistance. In 2024, employees put in $2.08 for every $1.00 the employer contributed; active participation has grown from 235 to 293 since 2022.

Plan summary
Net assets, end of year$7,002,184
Participants with balances448
Active participants293
Employer contributions$292,556
Employee contributions$607,884
Employer contribution per active participant$998
Average account balance$15,630
Benefits paid to participants$768,637
Plan auditUnmodified (clean) audit opinion
AuditorAAFCPA'S, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 448 accts · $293K emplr
2023$6.1M · 428 accts · $202K emplr
2022$5.2M · 367 accts · $157K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,537
Total administrative$22,537
The The Arc of Opportunity in North Central Massachusetts Inc 401(k) match · 2024
Employer contribution per active participant$998
Median for plans this size$1,313
2024$998 per active participant
2023$789 per active participant
2022$666 per active participant

The Arc of Opportunity in North Central Massachusetts Inc's 2024 employer contribution ran below the $1,313 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 · 20242
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeeping · Investment management$19,812
INTEGRATED PENSION SERVICES · Contract administrator$2,725

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$22,537 · 0.35%
2023$15,810 · 0.28%
2022$14,038 · 0.29%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Glenmeadow, Inc. MA$7.2M · 0.78%
Mamary, Inc. MA$7.1M · 0.38%
Loomis House, Inc. MA$7.1M · 0.81%
Self Help Inc MA$6.9M · 0.43%
Guidewire, Inc. MA$6.9M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042226199 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.