Department of Labor filing

AMESBURY GROUP, INC.

AMESBURY GROUP, INC. RETIREMENT SAVINGS PLAN · For the plan year ended Dec 31, 2023

Public filing 2023 · received Oct 11, 2024Verified current terms Not available

Plan at a glance

How good does the filing look?

34filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$1,724

Reported employer contributions per active participant.

Higher than about 31% of comparable plans

#People in the filing

1,349

Active participants reported for 2023.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$114 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 39% of comparable plans

↗Investment performance

Not available

Plan assets changed 11.6%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202334out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions31st percentileTypical peer $2,552 · based on 230 comparable plans

Lower reported administrative expense39th percentileTypical peer $94 · based on 221 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2023, AMESBURY GROUP, INC. reported $2,326,048 in employer contributions across the plan and 1,349 active participants. That works out to $1,724 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy77%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 2.2%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 8.8%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context34/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $2,326,048
Participant contributions: $6,051,899
Other contributions: $1,734,938
Employer share of reported contributions: 27.8%
Beginning assets: $115,781,352
Ending assets: $129,155,277
Ending net assets: $129,155,277
Ending liabilities: $0
Total income: $30,601,268
Total expenses: $17,227,343
Administrative expenses: $227,277
Participant loans: $2,298,060

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$1,762

2023

$1,724

Plan-paid administrative expenses per participant

2022

$125

2023

$114

Active participants

2022

1,374

2023

1,349

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2023	$1,724	1,349	129.2M	20241011153142NAL0022233873001
2022	$1,762	1,374	115.8M	20231012110108NAL0021140579001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.8%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 042749818-003

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Mar 1, 1987
Industry: Industry group 339
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2G2J2K2S2T3D3H

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
PRINCIPAL LIFE INSURANCE COMPANY	2023	Not reported	unknown

Current plan terms

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Filing ACK_ID20241011153142NAL0022233873001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗