Plan Ledger DOL Form 5500 · updated monthly

Bentley University403(b)

BENTLEY UNIVERSITY RETIREMENT PLAN · WALTHAM, MA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Bentley University reported $295,433 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $7,247 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 0.059% to 0.062%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 116th-largest of 2,726 plans among Massachusetts employers on file, and the 110th of 3,091 in educational services. In 2024, employees put in $1.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$500,475,559
Participants with balances2,736
Active participants1,279
Employer contributions$9,268,398
Employee contributions$9,680,864
Employer contribution per active participant$7,247
Average account balance$182,922
Benefits paid to participants$36,880,068
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$500.5M · 2,736 accts · $9.3M emplr
2023$453.7M · 2,646 accts · $8.6M emplr
2022$406.8M · 2,128 accts · $8.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$267,199
Investment management$19,784
Audit (IQPA)$8,450
Total administrative$295,433
Employer contributions to the Bentley University plan · 2024
Employer contribution per active participant$7,247
Median for plans this size$4,294
2024$7,247 per active participant
2023$6,961 per active participant
2022$7,050 per active participant

Bentley University's 2024 employer contribution ran above the $4,294 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
FID INV INST OPS CO · Loan processing$154,521
TIAA · Contract administrator$112,678
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$19,784
BAKER TILLY US, LLP · Legal$8,450

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$295,433 · 0.06%
2023$264,273 · 0.06%
2022$260,329 · 0.06%
Same employer
Similar plansEducational Services · Massachusetts
Amherst College Trustees MA$635.7M · 0.05%
Smith College MA$628.7M · 0.03%
Suffolk University MA$531.2M · 0.07%
Babson College MA$525.6M · 0.03%
Clark University MA$377.6M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 041081650 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.