Plan Ledger DOL Form 5500 · updated monthly

Walnut Street Center, Inc.DC plan

EMPLOYEE BENEFIT PLAN OF WALNUT STREET CENTER, INC. · MEDFORD, MA · plan year 2023

Reported admin expense ratio · 2023
0.04%

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

Walnut Street Center, Inc. reported $1,508 in plan administrative expenses for 2023: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $221 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 0.03% to 0.04%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (2,439th of 2,726), and 8,852nd of 11,911 in health care & social assistance. In 2023, employees put in $2.51 for every $1.00 the employer contributed; active participation has grown from 158 to 224 since 2022.

Plan summary
Net assets, end of year$3,578,058
Participants with balances202
Active participants224
Employer contributions$49,509
Employee contributions$124,227
Employer contribution per active participant$221
Average account balance$17,713
Benefits paid to participants$223,517
Plan auditUnmodified (clean) audit opinion
AuditorLEONE, MCDONNELL & ROBERTS P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 242 accts · $71K emplr
2023$3.6M · 202 accts · $50K emplr
2022$3.2M · 208 accts · $91K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,508
Total administrative$1,508
Employer contributions to the Walnut Street Center, Inc. plan · 2023
Employer contribution per active participant$221
Median for plans this size$1,308
2024$277 per active participant
2023$221 per active participant
2022$578 per active participant

Walnut Street Center, Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$1,508

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,283 · 0.04%
2023$1,508 · 0.04%
2022$758 · 0.03%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Old Colony Hospice, Inc. MA$3.6M · 1.08%
Duffy Health Center, Inc. MA$3.6M · 0.71%
Crystal Springs, Inc. MA$3.5M · 0.70%
Eleanor Health Inc MA$3.4M · 0.29%
Bane Quality Care, LLC MA$3.4M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042513725 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.