American Well Corporation401(k)
AMERICAN WELL CORPORATION 401(K) PLAN · BOSTON, MA · plan year 2024
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
American Well Corporation reported $243,903 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,048 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio rose from 0.11% to 0.24%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 406th-largest of 2,726 plans among Massachusetts employers on file, and the 1,403rd of 11,654 in professional & technical services. In 2024, employees put in $3.39 for every $1.00 the employer contributed; active participation has shrunk from 1,049 to 768 since 2022.
American Well Corporation's 2024 employer contribution ran above the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 205009396 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.