Perkins School for the Blind 401(k) Review & Grade
Perkins School for the Blind Retirement Plan
Watertown, MAEducational Services651 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,022Employer $ per active participant
$0Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$80.2MNet plan assets, end of year
$72,070Average balance per account
Score breakdown
- Employer generosity36.4 / 5073th percentile for employer $ per participant
- Low cost24.1 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving0.0 / 150th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 97th |
| Employee saving | 0th |
| Peers that auto-enroll | 37% |
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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
- Perkins School for the Blind put in about $2,022 per active participant, more than the typical peer ($1,225). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $1,316,639 |
| Participant (employee) contributions | $0 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $12,099 |
| Other admin expenses | $3,019 |
| Benefits paid out | $2,006,841 |
| Net assets, start / end of year | $80.0M / $80.2M |
| Active participants, start / end of year | 664 / 638 |
| Participants with account balances | 1,113 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer P LLC |
Largest service providers (Schedule C)
| Kestra Advisory Services LLC | $9,500 reported compensation |
| Ropes & Gray | $9,005 reported compensation |
| Fidelity Investments Institutional | −$6,406 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250825110914NAL0007548945001, received 2025-08-25, EIN 04-2103616, plan #003, plan year 2024-09-01 to 2024-12-31. Verify at efast.dol.gov.