Hingham Institution for Savings 401(k) match, vesting and fees
What Hingham Institution for Savings' 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 | Benefit Plans Admin Services | 2023 Schedule C ↗ |
| Independent auditor | Johnson Oconnor Feron & Carucci LLP (unmodified opinion) | 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.
| Hingham Institution for Savings: employer contribution per participant | $3,211 | |
| Peer median | $2,868 |
| Hingham Institution for Savings: average balance | $151,669 | |
| Peer median | $95,281 |
| Hingham Institution for Savings: 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 $36.1M at the end of plan year 2021 to $26.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 180 | $26.8M | $568K | $3,211 | <0.01% | Not published | Form 5500 ↗ |
| 2023 | 204 | $25.4M | $546K | $2,701 | <0.01% | Not published | Form 5500 ↗ |
| 2022 | 190 | $26.1M | $551K | $2,901 | <0.01% | Not published | Form 5500 ↗ |
| 2021 | 163 | $36.1M | $457K | $2,819 | <0.01% | Not published | Form 5500 ↗ |
Common questions
Does Hingham Institution for Savings match 401(k) contributions?
The match terms for the Sbera 401(k) Plan As Adopted by Hingham Institution for Savings have not been published from its filing yet. The plan year 2024 filing reports $568K in employer contributions, about $3,211 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Hingham Institution for Savings 401(k) match vested?
The vesting schedule for the Sbera 401(k) Plan As Adopted by Hingham Institution for Savings is not in the data published so far. Your Summary Plan Description states it.
Who manages the Hingham Institution for Savings 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Benefit Plans Admin Services. The plan administrator is Nrs, LLC.
I left Hingham Institution for Savings. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Nrs, LLC, (781) 938-6559) or the recordkeeper, Benefit Plans Admin Services. The Hingham Institution for Savings old 401(k) page lists the contacts from every plan filing. Find an old Hingham Institution for Savings 401(k)
Data from the public Form 5500 annual reports Hingham Institution for Savings 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 Hingham Institution for Savings. Not financial advice. Report a correction · Methodology