Plan Ledger DOL Form 5500 · updated monthly

Work, Inc.403(b)

WORK, INC. 403(B) PLAN · DORCHESTER, MA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Work, Inc. reported $1,217 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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 0.016%. 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 (2,073rd of 2,726), and 6,562nd of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$7,723,690
Participants with balances155
Active participants445
Employer contributions$0
Employee contributions$425,230
Employer contribution per active participant$0
Average account balance$49,830
Benefits paid to participants$1,236,352
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 155 accts
2023$7.6M · 152 accts
2022$6.1M · 97 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,217
Total administrative$1,217
Employer contributions to the Work, Inc. plan · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Work, Inc.'s 2024 employer contribution ran below the $1,313 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
VOYA MUTUAL FUNDS · Investment managementindirect 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$1,217 · 0.02%
2023$1,155 · 0.02%
2022$1,065 · 0.02%
All plans at this employer2
WORK, INC. PROFIT SHARING PLANProfit-sharing plan
WORK, INC. 403(B) PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Community Catalyst, Inc. MA$7.9M · 0.34%
Health Leads, Inc. MA$7.8M · 0.07%
Lifepath, Inc. MA$7.6M · 0.51%
Linus Health, Inc. MA$7.6M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237100726 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.