Plan Ledger DOL Form 5500 · updated monthly

Bay Path University403(b)

BAY PATH UNIVERSITY 403(B) RETIREMENT PLAN · LONGMEADOW, MA · plan year 2024

Reported admin expense ratio · 2024
0.13%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Bay Path University reported $84,184 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,372 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 1 year on file its reported administrative ratio fell from 0.17% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 561st-largest of 2,726 plans among Massachusetts employers on file, and the 730th of 3,091 in educational services. In 2024, employees put in $1.26 for every $1.00 the employer contributed; active participation has grown from 860 to 1,117 since 2022.

Plan summary
Net assets, end of year$67,265,590
Participants with balances878
Active participants1,117
Employer contributions$1,531,985
Employee contributions$1,929,085
Employer contribution per active participant$1,372
Average account balance$76,612
Benefits paid to participants$7,186,060
Plan auditDisclaimer of opinion
AuditorMP P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$67.3M · 878 accts · $1.5M emplr
2023$59.4M · 799 accts · $1.7M emplr
2022$50.7M · 814 accts · $986K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,184
Total administrative$84,184
Employer contributions to the Bay Path University plan · 2024
Employer contribution per active participant$1,372
Median for plans this size$3,635
2024$1,372 per active participant
2023$2,078 per active participant
2022$1,146 per active participant

Bay Path University's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
TIAA-TEACHERS INS & ANNUITY ASSOC · Contract administrator$76,282
FIDUCIENT ADVISORS · Investment advisory (plan)$8,652

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$84,184 · 0.13%
2023$92,333 · 0.17%
2022Not separately reported
Same employer
Similar plansEducational Services · Massachusetts
Concord Academy MA$73.6M · 0.08%
Lasell University MA$71.8M · 0.05%
Dexter Southfield, Inc. MA$70.0M · 0.05%
Regis College MA$67.0M · 0.15%
Brooks School MA$66.7M · 0.20%
Berkshire School, Inc. MA$65.9M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042103865 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.