Plan Ledger DOL Form 5500 · updated monthly

Boston Higashi School, Inc403(b)

BOSTON HIGASHI SCHOOL RETIREMENT SAVINGS PLAN · RANDOLPH, MA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Boston Higashi School, Inc reported $4,075 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,934 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 0.014% to 0.012%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 871st-largest of 2,726 plans among Massachusetts employers on file, and the 1,128th of 3,091 in educational services. In 2024, employees put in $1.37 for every $1.00 the employer contributed; active participation has grown from 352 to 405 since 2022.

Plan summary
Net assets, end of year$36,945,797
Participants with balances487
Active participants405
Employer contributions$783,149
Employee contributions$1,074,422
Employer contribution per active participant$1,934
Average account balance$75,864
Benefits paid to participants$1,831,536
Plan auditUnmodified (clean) audit opinion
AuditorLEONARD, MULHERIN & GREENE, PC
Plan history3
Yearassets · accounts · employer contribution
2024$36.9M · 487 accts · $783K emplr
2023$33.1M · 477 accts · $1.4M emplr
2022$27.4M · 467 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,075
Total administrative$4,075
Employer contributions to the Boston Higashi School, Inc plan · 2024
Employer contribution per active participant$1,934
Median for plans this size$2,416
2024$1,934 per active participant
2023$4,106 per active participant
2022$4,073 per active participant

Boston Higashi School, Inc's 2024 employer contribution ran below the $2,416 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 · 20242
LINCOLN NATIONAL CORPORATION · Contract administrator$597
NATIONAL BENEFIT SERVICES, LLC · Other servicesindirect comp

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$4,075 · 0.01%
2023$2,277 · 0.01%
2022$3,556 · 0.01%
Same employer
Similar plansEducational Services · Massachusetts
Nichols College MA$40.0M · 0.20%
Lawrence Academy MA$39.2M · 0.09%
American Student Assistance MA$38.2M · 0.01%
The Pike School, Inc. MA$35.5M · 0.13%
The Carroll School MA$34.9M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222803661 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.