Plan Ledger DOL Form 5500 · updated monthly

United Way of Massachusetts Bay, Inc.401(k)

THE 401(K) RETIREMENT SAVINGS PLAN OF UNITED WAY OF MASSACHUSETTS BAY, INC. · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

United Way of Massachusetts Bay, Inc. reported $64,802 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $8,061 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 has held roughly steady near 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,329th-largest of 2,726 plans among Massachusetts employers on file, and the 1,074th of 3,341 in other services. In 2024, employees put in $1.03 for every $1.00 the employer contributed; active participation has shrunk from 91 to 78 since 2022.

Plan summary
Net assets, end of year$19,520,439
Participants with balances176
Active participants78
Employer contributions$628,764
Employee contributions$647,773
Employer contribution per active participant$8,061
Average account balance$110,912
Benefits paid to participants$3,638,557
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.5M · 176 accts · $629K emplr
2023$19.4M · 179 accts · $583K emplr
2022$17.1M · 181 accts · $561K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,886
Investment management$36,916
Total administrative$64,802
The United Way of Massachusetts Bay, Inc. 401(k) match · 2024
Employer contribution per active participant$8,061
Median for plans this size$2,416
2024$8,061 per active participant
2023$6,630 per active participant
2022$6,165 per active participant

United Way of Massachusetts Bay, 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
MORGAN STANLEY · Investment advisory (plan)$36,916

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$64,802 · 0.33%
2023$61,816 · 0.34%
2022$63,531 · 0.34%
Similar plansOther Services · Massachusetts
Markforged, Inc MA$22.8M · 0.25%
Berkshire County Arc, Inc. MA$18.9M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042382233 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.