Plan Ledger DOL Form 5500 · updated monthly

Bhs Management Services Inc.403(b)

BHS PARTNERSHIP 403B PENSION PLAN · PITTSFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Bhs Management Services Inc. reported $1,017,284 in plan administrative expenses for 2024: 0.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,212 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 0.14% to 0.15%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 82nd-largest of 2,726 plans among Massachusetts employers on file, and the 266th of 11,911 in health care & social assistance. In 2024, employees put in $2.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$693,555,990
Participants with balances5,836
Active participants4,276
Employer contributions$13,733,552
Employee contributions$30,922,904
Employer contribution per active participant$3,212
Average account balance$118,841
Benefits paid to participants$68,227,742
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$693.6M · 5,836 accts · $13.7M emplr
2023$636.7M · 5,779 accts · $12.8M emplr
2022$566.0M · 5,534 accts · $12.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$753,676
Investment management$245,408
Audit (IQPA)$18,200
Total administrative$1,017,284
Employer contributions to the Bhs Management Services Inc. plan · 2024
Employer contribution per active participant$3,212
Median for plans this size$4,294
2024$3,212 per active participant
2023$3,050 per active participant
2022$3,020 per active participant

Bhs Management Services Inc.'s 2024 employer contribution ran below 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 · 20247
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$753,676
BERKSHIRE MONEY MANAGEMENT INC · Securities brokerage$370,228
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$105,000
CARON & BLETZER, PLLC · Accounting / audit$18,200
WEALTH ENHANCEMENT ADVISORY SE · Securities brokerage$6,604
CHARLES SCHWAB & CO., INC. · Securities brokerage$1,293
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,017,284 · 0.15%
2023$1,048,816 · 0.17%
2022$881,128 · 0.14%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Cape Cod Healthcare MA$1.0B · 0.04%
Tufts Medicine, Inc. MA$991.9M · 0.07%
South Shore Hospital, Inc. MA$726.9M · 0.08%
Modernatx, Inc. MA$650.1M · 0.04%
Tufts Medical Center, Inc. MA$629.8M · 0.06%
Mount Auburn Hospital MA$588.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042442944 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.