Human Services Management Corp Inc 401(k) Review & Grade
Human Services Management Corporation 401k and Profit Sharing Plan
Milford, MAProfessional, Scientific & Technical Services690 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,237Employer $ per active participant
$1,759Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$27.1MNet plan assets, end of year
$41,502Average balance per account
Score breakdown
- Employer generosity11.4 / 5023th percentile for employer $ per participant
- Low cost10.0 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 40th |
| Employee saving | 9th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Human Services Management Corp put in about $1,237 per active participant, below the typical peer ($3,082). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $853,751 |
| Participant (employee) contributions | $1,213,762 |
| Other contributions (incl. rollovers in) | $162,363 |
| Administrative expenses paid from the plan | $76,113 |
| Investment advisory & management fees | $30,361 |
| Benefits paid out | $1,567,548 |
| Net assets, start / end of year | $22.7M / $27.1M |
| Active participants, start / end of year | 572 / 808 |
| Participants with account balances | 652 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Leonard, Mulherin & Greene, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $45,752 reported compensation |
| Rockland Trust Co | $17,500 reported compensation |
| Strategic Advisors, Inc. | $12,861 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250806081208NAL0001608515001, received 2025-08-06, EIN 04-3082246, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.