Plan Ledger DOL Form 5500 · updated monthly

Clinton Health Access Initiative, Inc.401(k)

CHAI, INC. 401(K) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Clinton Health Access Initiative, Inc. reported $118,147 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $6,559 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 0.24% to 0.22%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 643rd-largest of 2,726 plans among Massachusetts employers on file, and the 383rd of 3,341 in other services. In 2024, employees put in $1.90 for every $1.00 the employer contributed; active participation has shrunk from 237 to 213 since 2022.

Plan summary
Net assets, end of year$56,346,951
Participants with balances409
Active participants213
Employer contributions$1,397,093
Employee contributions$2,656,715
Employer contribution per active participant$6,559
Average account balance$137,768
Benefits paid to participants$4,933,517
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$56.3M · 409 accts · $1.4M emplr
2023$49.4M · 424 accts · $1.3M emplr
2022$40.7M · 444 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,706
Total administrative$118,147
The Clinton Health Access Initiative, Inc. 401(k) match · 2024
Employer contribution per active participant$6,559
Median for plans this size$3,635
2024$6,559 per active participant
2023$6,372 per active participant
2022$6,237 per active participant

Clinton Health Access Initiative, Inc.'s 2024 employer contribution ran above the $3,635 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
MERIDIAN INVESTMENT ADVISORS · Investment management$79,442
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$38,806

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$118,147 · 0.22%
2023$106,579 · 0.24%
2022$104,488 · 0.24%
Same employer
Similar plansOther Services · Massachusetts
City Year, Inc. MA$82.1M · 0.17%
Justice Resource Institute MA$65.1M · 0.19%
Henley Enterprises, Inc. MA$53.8M · 0.41%
Aura Sub, LLC MA$48.7M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271414646 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.