Plan Ledger DOL Form 5500 · updated monthly

The Pingree School, Inc.401(k)

THE PINGREE SCHOOL, INC. 401(K) PLAN · SOUTH HAMILTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

The Pingree School, Inc. reported $76,431 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $5,525 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 0.45% to 0.38%. 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 1,227th-largest of 2,726 plans among Massachusetts employers on file, and the 1,531st of 3,091 in educational services. In 2024, employees put in $1.07 for every $1.00 the employer contributed; active participation has grown from 102 to 131 since 2022.

Plan summary
Net assets, end of year$21,951,251
Participants with balances156
Active participants131
Employer contributions$723,719
Employee contributions$774,320
Employer contribution per active participant$5,525
Average account balance$140,713
Benefits paid to participants$577,632
Plan auditUnmodified (clean) audit opinion
AuditorJOHNSON O'CONNOR FERON &CARUCCI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$22.0M · 156 accts · $724K emplr
2023$18.3M · 150 accts · $686K emplr
2022$14.5M · 144 accts · $651K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,396
Investment management$10,295
Total administrative$76,431
The The Pingree School, Inc. 401(k) match · 2024
Employer contribution per active participant$5,525
Median for plans this size$2,416
2024$5,525 per active participant
2023$6,663 per active participant
2022$6,378 per active participant

The Pingree School, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20242
JOHN HANCOCK LIFE INSURANCE CO · Recordkeeping · Investment management$250
WILSHIRE ASSOCIATES INC · Investment advisory (participants)$10,295

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$76,431 · 0.38%
2023$65,602 · 0.40%
2022$69,927 · 0.45%
Similar plansEducational Services · Massachusetts
Brimmer and May School MA$25.6M · 0.26%
Shorelight, LLC MA$22.7M · 0.61%
Miss Halls School, Inc. MA$20.1M · 0.19%
Cotting School, Inc. MA$19.6M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042279977 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.