Andover Companies 401(k) match, vesting and fees
What Andover Companies' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Voya Retirement Insurance & Annuity | 2023 Schedule C ↗ |
| Independent auditor | Pricewaterhousecoopers, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Andover Companies: employer contribution per participant | $5,679 | |
| Peer median | $2,868 |
| Andover Companies: average balance | $214,847 | |
| Peer median | $95,281 |
| Andover Companies: admin expenses ÷ assets | <0.01% | |
| Peer median | 0.22% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $65.3M at the end of plan year 2021 to $80.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 383 | $80.4M | $2.1M | $5,679 | <0.01% | Not published | Form 5500 ↗ |
| 2023 | 375 | $69.6M | $2.5M | $6,879 | <0.01% | Not published | Form 5500 ↗ |
| 2022 | 322 | $56.5M | $1.5M | $4,984 | <0.01% | Not published | Form 5500 ↗ |
| 2021 | 273 | $65.3M | $1.5M | $5,689 | <0.01% | Not published | Form 5500 ↗ |
Other Andover Companies plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Merrimack Mutual Fire Insurance Company Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Transamerica Retirement Solutions | Schedule C ↗ |
| Independent auditor | Pricewaterhousecoopers, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Andover Companies match 401(k) contributions?
The match terms for the The Andover Companies Employee'S Savings & Profit have not been published from its filing yet. The plan year 2024 filing reports $2.1M in employer contributions, about $5,679 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Andover Companies 401(k) match vested?
The vesting schedule for the The Andover Companies Employee'S Savings & Profit is not in the data published so far. Your Summary Plan Description states it.
Who manages the Andover Companies 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Voya Retirement Insurance & Annuity. The plan administrator is The Andover Companies.
I left Andover Companies. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (The Andover Companies, (978) 475-3300) or the recordkeeper, Voya Retirement Insurance & Annuity. The Andover Companies old 401(k) page lists the contacts from every plan filing. Find an old Andover Companies 401(k)
Data from the public Form 5500 annual reports Andover Companies filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Andover Companies. Not financial advice. Report a correction · Methodology