Plan Ledger DOL Form 5500 · updated monthly

Woods Hole Group401(k)

WOODS HOLE GROUP 401(K) PROFIT SHARING PLAN · BOURNE, MA · plan year 2023

Reported admin expense ratio · 2023
0.33%

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

Woods Hole Group reported $48,437 in plan administrative expenses for 2023: 0.33% of average plan assets, above the peer median. Employer contributions averaged $4,651 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 fell from 0.61% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Massachusetts (1,533rd of 2,726), and 6,485th of 11,654 in professional & technical services. In 2023, employees put in $1.85 for every $1.00 the employer contributed; active participation has grown from 76 to 89 since 2022.

Plan summary
Net assets, end of year$15,402,205
Participants with balances119
Active participants89
Employer contributions$413,952
Employee contributions$765,332
Employer contribution per active participant$4,651
Average account balance$129,430
Benefits paid to participants$1,933,115
Plan auditUnmodified (clean) audit opinion
AuditorDAMIANO, BURK & NUTTALL, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$15.2M · 115 accts · $470K emplr
2023$15.4M · 119 accts · $414K emplr
2022$14.0M · 113 accts · $418K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$11,488
Investment management$36,949
Total administrative$48,437
The Woods Hole Group 401(k) match · 2023
Employer contribution per active participant$4,651
Median for plans this size$2,440
2024$5,226 per active participant
2023$4,651 per active participant
2022$5,498 per active participant

Woods Hole Group's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$36,949
ADP, INC. · Loan processing · Recordkeeping$11,487
ADP BROKER-DEALER · Other servicesindirect 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
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$68,785 · 0.45%
2023$48,437 · 0.33%
2022$98,081 · 0.61%
Similar plansProfessional & Technical Services · Massachusetts
Puretech Management, Inc. MA$16.0M · 0.02%
Jobcase, Inc. MA$16.0M · 0.01%
Vecna Robotics, Inc. MA$16.0M · 0.15%
Captivate, LLC MA$15.5M · 0.27%
World Education, Inc. MA$15.4M · 0.01%
Allen & Gerritsen, Inc. MA$15.2M · 0.35%
Insight Service Group Inc MA$14.9M · 2.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043408801 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.