Plan Ledger DOL Form 5500 · updated monthly

Wellesley Community Childrens Center Inc403(b)

WELLESLEY COMMUNITY CHILDRENS CENTER RETIREMENT PLAN · WELLSLEY, MA · plan year 2024

Employer contribution per participant · 2024
$1,161

Wellesley Community Childrens Center Inc's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $6,836,743 across 155 participant accounts, with employer contributions averaging $1,161 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (2,160th of 2,726), and 6,948th of 11,911 in health care & social assistance. In 2024, employees put in $1.63 for every $1.00 the employer contributed; active participation has grown from 82 to 107 since 2022.

Plan summary
Net assets, end of year$6,836,743
Participants with balances155
Active participants107
Employer contributions$124,271
Employee contributions$202,856
Employer contribution per active participant$1,161
Average account balance$44,108
Benefits paid to participants$111,165
Plan auditUnmodified (clean) audit opinion
AuditorANSTISS & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 155 accts · $124K emplr
2023$5.7M · 153 accts · $117K emplr
2022$4.9M · 151 accts · $107K emplr
Employer contributions to the Wellesley Community Childrens Center Inc plan · 2024
Employer contribution per active participant$1,161
Median for plans this size$1,313
2024$1,161 per active participant
2023$1,170 per active participant
2022$1,302 per active participant

Wellesley Community Childrens Center Inc's 2024 employer contribution ran below the $1,313 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Similar plansHealth Care & Social Assistance · Massachusetts
Self Help Inc MA$6.9M · 0.43%
Guidewire, Inc. MA$6.9M · 0.68%
Connectrn Inc. MA$6.8M · 0.18%
Campus Child Care, Inc. MA$6.8M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042488103 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.