Plan Ledger DOL Form 5500 · updated monthly

Walsh Brothers, Inc.401(k)

WALSH BROTHERS 401(K)/ PROFIT SHARING PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Walsh Brothers, Inc. reported $96,847 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $3,379 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 0.290%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 875th-largest of 2,726 plans among Massachusetts employers on file, and the 1,323rd of 5,337 in construction. In 2024, employees put in $2.33 for every $1.00 the employer contributed; active participation has grown from 177 to 214 since 2022.

Plan summary
Net assets, end of year$36,823,809
Participants with balances206
Active participants214
Employer contributions$723,116
Employee contributions$1,684,918
Employer contribution per active participant$3,379
Average account balance$178,756
Benefits paid to participants$717,252
Plan auditUnmodified (clean) audit opinion
AuditorMAMACOS, BYSIEWICZ & ASSOCIATES LLC
Plan history3
Yearassets · accounts · employer contribution
2024$36.8M · 206 accts · $723K emplr
2023$30.0M · 187 accts · $112K emplr
2022$25.1M · 177 accts · $608K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$88,199
Investment management$8,248
Total administrative$96,847
The Walsh Brothers, Inc. 401(k) match · 2024
Employer contribution per active participant$3,379
Median for plans this size$2,416
2024$3,379 per active participant
2023$590 per active participant
2022$3,432 per active participant

Walsh Brothers, Inc.'s 2024 employer contribution ran above the $2,416 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
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$8,095
PINNACLE PENSION CONSULTANTSindirect comp

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$96,847 · 0.29%
2023$78,423 · 0.28%
2022$79,606 · 0.29%
Same employer
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Elm Electrical, Inc. MA$43.8M · 0.01%
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Jay Cashman, Inc. MA$37.4M · 0.02%
Harry Grodsky & Co., Inc. MA$35.1M · 0.06%
Commodore Builders LLC MA$35.1M · 0.24%
Ene. Systems Inc. MA$33.3M · 0.15%
J.C. Cannistraro, LLC. MA$33.3M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042171684 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.