Plan Ledger DOL Form 5500 · updated monthly

The Charles River Center401(k)

CHARLES RIVER ARC 401(K) PLAN · NEEDHAM, MA · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

The Charles River Center reported $39,338 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $248 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 0.68% to 0.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Massachusetts (2,159th of 2,726), and 2,042nd of 3,341 in other services. In 2024, employees put in $4.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,837,757
Participants with balances249
Active participants538
Employer contributions$133,278
Employee contributions$575,426
Employer contribution per active participant$248
Average account balance$27,461
Benefits paid to participants$645,531
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 249 accts · $133K emplr
2023$6.0M · 228 accts · $87K emplr
2022$4.8M · 215 accts · $79K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,041
Trustee / custodial$14,297
Total administrative$39,338
The The Charles River Center 401(k) match · 2024
Employer contribution per active participant$248
Median for plans this size$1,313
2024$248 per active participant
2023$164 per active participant
2022$152 per active participant

The Charles River Center's 2024 employer contribution ran below the $1,313 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 · 20243
GLOBAL RETIREMENT PARTNERS, LLC · Investment advisory (plan)$11,914
RPW SOLUTIONS, LLC. · Contract administrator · Pension consulting$2,383

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$39,338 · 0.61%
2023$34,429 · 0.64%
2022$31,763 · 0.68%
Same employer
Similar plansOther Services · Massachusetts
Cape Abilities, Inc. MA$7.3M · 0.01%
The Davis Companies, Inc. MA$7.2M · 0.21%
Wayne Alarm Systems, Inc. MA$6.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042393108 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.