Plan Ledger DOL Form 5500 · updated monthly

Work, Community, Ind., Inc.401(k)

WORK, COMMUNITY, INDEPENDENCE, INC. 401(K) PROFIT SHARING PLAN AND TRUST · WALTHAM, MA · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Work, Community, Ind., Inc. reported $27,314 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. Employer contributions averaged $720 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 0.64% to 0.69%. 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 (2,381st of 2,726), and 8,341st of 11,911 in health care & social assistance. In 2024, employees put in $3.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,296,701
Participants with balances336
Active participants293
Employer contributions$210,972
Employee contributions$659,268
Employer contribution per active participant$720
Average account balance$12,788
Benefits paid to participants$643,255
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 336 accts · $211K emplr
2023$3.6M · 328 accts · $192K emplr
2022$2.7M · 327 accts · $203K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,482
Investment management$18,832
Total administrative$27,314
The Work, Community, Ind., Inc. 401(k) match · 2024
Employer contribution per active participant$720
Median for plans this size$1,313
2024$720 per active participant
2023$635 per active participant
2022$667 per active participant

Work, Community, Ind., 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.

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 · 20242
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$18,832
ADP, INC. · Loan processing · Recordkeeping$8,482

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, GLOBAL RETIREMENT PARTNERS
2023ADP, GLOBAL RETIREMENT PARTNERS

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

Administrative cost history3
2024$27,314 · 0.69%
2023$19,429 · 0.62%
2022$14,629 · 0.64%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Able Home Care, LLC MA$4.3M · 0.48%
Pathways Healthcare, LLC MA$4.2M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237427897 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.