Plan Ledger DOL Form 5500 · updated monthly

The New England Center for Children, Inc.Target benefit plan

THE NEW ENGLAND CENTER FOR CHILDREN, INC. TARGET BENEFIT PLAN · SOUTHBOROUGH, MA · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

The New England Center for Children, Inc. reported $121,179 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $3,619 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 0.42% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 1,026th-largest of 2,726 plans among Massachusetts employers on file, and the 1,303rd of 3,091 in educational services.

Plan summary
Net assets, end of year$29,445,910
Participants with balances1,382
Active participants604
Employer contributions$2,186,082
Employee contributions—
Employer contribution per active participant$3,619
Average account balance$21,307
Benefits paid to participants$2,270,699
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.4M · 1,382 accts · $2.2M emplr
2023$26.1M · 1,502 accts · $2.0M emplr
2022$23.0M · 1,395 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$121,179
Total administrative$121,179
Employer contributions to the The New England Center for Children, Inc. plan · 2024
Employer contribution per active participant$3,619
Median for plans this size$2,416
2024$3,619 per active participant
2023$3,084 per active participant
2022$3,296 per active participant

The New England Center for Children, 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
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants)$121,179
GLOBAL RETIREMENT PARTNERSindirect comp
ANGELL PENSION GROUP · Other servicesindirect 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$121,179 · 0.44%
2023$104,643 · 0.43%
2022$102,425 · 0.42%
All plans at this employer3
THE NEW ENGLAND CENTER FOR CHILDREN, INC. TAX DEFERRED ANNUITY PLAN403(b)
THE NEW ENGLAND CENTER FOR CHILDREN, INC. TARGET BENEFIT PLANTarget benefit plan
THE NEW ENGLAND CENTER FOR CHILDREN, INC. SUPPLEMENTAL BENEFIT PLANProfit-sharing plan
Same employer
Similar plansEducational Services · Massachusetts
Lighthouse School, Inc. MA$32.5M · 0.56%
Brookwood School MA$31.1M · 0.00%
Shore Country Day School MA$30.4M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042708762 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.