Plan Ledger DOL Form 5500 · updated monthly

Boston Senior Home Care, Inc.403(b)

BOSTON SENIOR HOME CARE, INC 403(B) RETIREMENT PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Boston Senior Home Care, Inc. reported $58,174 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,359 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 3 years on file its reported administrative ratio has held roughly steady near 0.556%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (1,832nd of 2,726), and the 5,476th of 11,911 in health care & social assistance. In 2024, employees put in $1.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,809,622
Participants with balances317
Active participants178
Employer contributions$419,861
Employee contributions$487,882
Employer contribution per active participant$2,359
Average account balance$34,100
Benefits paid to participants$1,223,275
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 317 accts · $420K emplr
2023$10.1M · 320 accts · $422K emplr
2022$8.6M · 296 accts · $361K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,651
Investment management$31,523
Total administrative$58,174
Employer contributions to the Boston Senior Home Care, Inc. plan · 2024
Employer contribution per active participant$2,359
Median for plans this size$2,416
2024$2,359 per active participant
2023$2,235 per active participant
2022$1,962 per active participant

Boston Senior Home Care, 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
THE VANGUARD GROUP · Recordkeeping · Loan processing$26,651
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$31,523

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$58,174 · 0.56%
2023$49,986 · 0.53%
2022$45,889 · 0.56%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Pathlight, Inc. MA$11.0M · 1.26%
Community Care Cooperative MA$10.8M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042546251 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.