Plan Ledger DOL Form 5500 · updated monthly

The New England College of Optometry403(b)

THE NEW ENGLAND COLLEGE OF OPTOMETRY DEFINED CONTRIBUTION RETIREMENT PLAN · BOSTON, MA · plan year 2025

Reported admin expense ratio · 2025
0.19%

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

The New England College of Optometry reported $99,602 in plan administrative expenses for 2025: 0.19% of average plan assets, above the peer median. Employer contributions averaged $5,582 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 3 years on file its reported administrative ratio rose from 0.03% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other educational services employers. By assets it is the 662nd-largest of 2,726 plans among Massachusetts employers on file, and the 856th of 3,091 in educational services. In 2025, the employer put in $1.46 for every $1.00 employees contributed themselves; active participation has grown from 146 to 225 since 2022.

Plan summary
Net assets, end of year$54,718,459
Participants with balances339
Active participants225
Employer contributions$1,255,893
Employee contributions$859,953
Employer contribution per active participant$5,582
Average account balance$161,411
Benefits paid to participants$4,387,572
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$54.7M · 339 accts · $1.3M emplr
2024$49.4M · 348 accts · $1.2M emplr
2023$45.5M · 352 accts · $1.1M emplr
2022$41.1M · 351 accts · $1.1M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$40,243
Investment management$50,389
Audit (IQPA)$8,970
Total administrative$99,602
Employer contributions to the The New England College of Optometry plan · 2025
Employer contribution per active participant$5,582
Median for plans this size$4,093
2025$5,582 per active participant
2024$5,568 per active participant
2023$5,738 per active participant
2022$7,715 per active participant

The New England College of Optometry's 2025 employer contribution ran above the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
CAMBRIDGE INVESTMENT RESEARCH · Investment advisory (plan)$46,954
AAFCPAS · Accounting / audit$8,970

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

Administrative cost history4
2025$99,602 · 0.19%
2024$43,653 · 0.09%
2023$37,105 · 0.09%
2022$13,605 · 0.03%
Same employer
Similar plansEducational Services · Massachusetts
The Fessenden School MA$56.6M · 0.03%
Terc, Inc. MA$56.4M · 0.07%
Landmark School, Inc. MA$54.3M · 0.23%
Park School Corporation MA$54.2M · 0.02%
Cushing Academy MA$53.7M · 0.12%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 041591060 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.