Plan Ledger DOL Form 5500 · updated monthly

Third Sector New England, Inc.403(b)

THIRD SECTOR NEW ENGLAND, INC. 403B DC PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Third Sector New England, Inc. reported $72,078 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $4,088 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 0.07% to 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 593rd-largest of 2,726 plans among Massachusetts employers on file, and the 781st of 3,091 in educational services. In 2024, employees put in $1.36 for every $1.00 the employer contributed; active participation has shrunk from 541 to 374 since 2022.

Plan summary
Net assets, end of year$62,728,108
Participants with balances759
Active participants374
Employer contributions$1,529,063
Employee contributions$2,083,715
Employer contribution per active participant$4,088
Average account balance$82,646
Benefits paid to participants$3,845,508
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$62.7M · 759 accts · $1.5M emplr
2023$55.8M · 789 accts · $1.5M emplr
2022$47.7M · 948 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,077
Investment management$1
Total administrative$72,078
Employer contributions to the Third Sector New England, Inc. plan · 2024
Employer contribution per active participant$4,088
Median for plans this size$3,635
2024$4,088 per active participant
2023$3,004 per active participant
2022$2,318 per active participant

Third Sector New England, Inc.'s 2024 employer contribution ran above the $3,635 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
TIAA · Loan processing$25,043
WESTLAND GATE CAPITAL, LLC · Investment advisory (plan)$24,802
CBIZ CPAS P.C. · Accounting / audit$22,233

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$72,078 · 0.12%
2023$58,374 · 0.11%
2022$31,224 · 0.07%
Same employer
Similar plansEducational Services · Massachusetts
Berkshire School, Inc. MA$65.9M · 0.06%
Dana Hall School MA$63.1M · 0.03%
The Fessenden School MA$56.6M · 0.03%
Terc, Inc. MA$56.4M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042261109 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.