Plan Ledger DOL Form 5500 · updated monthly

Baystate Health, Inc401(k)

BAYSTATE HEALTH, INC RETIREMENT PLAN · SPRINGFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Baystate Health, Inc reported $930,506 in plan administrative expenses for 2024: 0.07% of average plan assets, above the peer median. Employer contributions averaged $3,783 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 fell from 0.08% to 0.07%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 38th-largest of 2,726 plans among Massachusetts employers on file, and the 130th of 11,911 in health care & social assistance. In 2024, employees put in $1.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,410,244,140
Participants with balances17,067
Active participants13,905
Employer contributions$52,606,582
Employee contributions$76,934,118
Employer contribution per active participant$3,783
Average account balance$82,630
Benefits paid to participants$126,602,291
Plan auditUnmodified (clean) audit opinion
AuditorMEYERS BROTHERS KALICKA, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$1.4B · 17,067 accts · $52.6M emplr
2023$1.2B · 17,051 accts · $48.4M emplr
2022$986.8M · 16,178 accts · $49.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$671,190
Investment management$99,789
Total administrative$930,506
The Baystate Health, Inc 401(k) match · 2024
Employer contribution per active participant$3,783
Median for plans this size$5,259
2024$3,783 per active participant
2023$3,578 per active participant
2022$3,743 per active participant

Baystate Health, Inc's 2024 employer contribution ran below the $5,259 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.

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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$671,190
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$99,789
TOWERS WATSON INVESTMENT SERVICES, · Investment advisory (plan)$96,197
WILLIS TOWERS WATSON US LLC · Consulting$59,303

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$930,506 · 0.07%
2023$881,047 · 0.08%
2022$836,803 · 0.08%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Boston Medical Center MA$1.7B · 0.07%
Cape Cod Healthcare MA$1.0B · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042105941 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.