Brewster Ambulance Service, Inc. 401(k) Review & Grade
Brewster Ambulance Service 401(k) Retirement Plan
Weymouth, MAHealth Care & Social Assistance1,151 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$474Employer $ per active participant
$1,455Employee $ saved per active participant
0.59%Direct admin cost, % of plan assets
$15.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity17.1 / 5034th percentile for employer $ per participant
- Low cost4.5 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 18th |
| Employee saving | 32th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($509,660 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Brewster Ambulance Service put in about $474 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.59% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $545,563 |
| Participant (employee) contributions | $1,675,047 |
| Other contributions (incl. rollovers in) | $97,909 |
| Administrative expenses paid from the plan | $82,635 |
| Contract administrator fees | $38,082 |
| Investment advisory & management fees | $44,553 |
| Benefits paid out | $848,445 |
| Net assets, start / end of year | $12.5M / $15.6M |
| Active participants, start / end of year | 1,198 / 1,104 |
| Participants with account balances | 439 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Lincoln Investment Planning, Inc. | $44,553 reported compensation |
| Stancorp Financial Group | $38,157 reported compensation |
| Angell Pension Group | $6,751 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924101351NAL0006613697001, received 2025-09-24, EIN 80-0553448, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.