Plan Ledger DOL Form 5500 · updated monthly

Way Finders, Inc.403(b)

403(B) THRIFT PLAN OF WAY FINDERS, INC. · SPRINGFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Way Finders, Inc. reported $4,762 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,281 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 0.02% to 0.04%. 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 among the smaller plans on file in Massachusetts (1,577th of 2,726), and the 1,335th of 3,341 in other services. In 2024, employees put in $2.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,245,512
Participants with balances590
Active participants326
Employer contributions$417,730
Employee contributions$911,975
Employer contribution per active participant$1,281
Average account balance$24,145
Benefits paid to participants$811,857
Plan auditUnmodified (clean) audit opinion
AuditorDANIEL DENNIS & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$14.2M · 590 accts · $418K emplr
2023$12.1M · 546 accts · $367K emplr
2022$10.4M · 434 accts · $206K emplr
Employer contributions to the Way Finders, Inc. plan · 2024
Employer contribution per active participant$1,281
Median for plans this size$2,416
2024$1,281 per active participant
2023$1,059 per active participant
2022$668 per active participant

Way Finders, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MUTUAL OF AMERICA LIFE INS CO · Claims processing · Recordkeeping$7,355
VALIC · Custodial (securities) · Investment advisory (participants)indirect comp
VALICindirect comp

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$4,762 · 0.04%
2023$5,651 · 0.05%
2022$1,529 · 0.02%
Same employer
Similar plansOther Services · Massachusetts
Harold Grinspoon Foundation MA$13.4M · 0.44%
Proteus Fund Inc. MA$13.0M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042518368 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.