The North East Educational and Developmental Supports Center, Inc. 401(k) Review & Grade
403(b) Thrift Plan of the North East Educational and Developmental Supports Center, Inc.
Tewksbury, MAHealth Care & Social Assistance590 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,012Employer $ per active participant
$2,336Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$8.6MNet plan assets, end of year
$16,239Average balance per account
Score breakdown
- Employer generosity25.6 / 5051th percentile for employer $ per participant
- Low cost18.8 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1546th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 75th |
| Employee saving | 46th |
| 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 ($146 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
- North East Educational and Developmental Supports Center put in about $1,012 per active participant, more than the typical peer ($976). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $597,576 |
| Participant (employee) contributions | $1,379,527 |
| Other contributions (incl. rollovers in) | $116,150 |
| Administrative expenses paid from the plan | $7,334 |
| Other admin expenses | $7,334 |
| Benefits paid out | $976,855 |
| Net assets, start / end of year | $6.7M / $8.6M |
| Active participants, start / end of year | 599 / 582 |
| Participants with account balances | 532 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Mutual of America Investment Corp | $10,251 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260415122258NAL0011752739001, received 2026-04-15, EIN 46-0759051, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.