Plan Ledger DOL Form 5500 · updated monthly

Duffy Health Center, Inc.403(b)

DUFFY HEALTH CENTER, INC. 403(B) PLAN · HYANNIS, MA · plan year 2023

Reported admin expense ratio · 2023
0.71%

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

Duffy Health Center, Inc. reported $24,503 in plan administrative expenses for 2023: 0.71% of average plan assets, above the peer median. Employer contributions averaged $1,141 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 0.69% to 0.73%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (2,435th of 2,726), and 8,831st of 11,911 in health care & social assistance. In 2023, employees put in $3.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,603,629
Participants with balances108
Active participants95
Employer contributions$108,363
Employee contributions$373,969
Employer contribution per active participant$1,141
Average account balance$33,367
Benefits paid to participants$630,696
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.4M · 116 accts · $251K emplr
2023$3.6M · 108 accts · $108K emplr
2022$3.3M · 123 accts · $117K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,471
Investment management$8,032
Total administrative$24,503
Employer contributions to the Duffy Health Center, Inc. plan · 2023
Employer contribution per active participant$1,141
Median for plans this size$1,308
2024$2,481 per active participant
2023$1,141 per active participant
2022$1,311 per active participant

Duffy Health Center, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ASCENSUS LLC · Recordkeeping$16,471
MERRILL LYNCH RETIREMENT & BENEFIT · Investment advisory (plan)$8,032

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$25,780 · 0.73%
2023$24,503 · 0.71%
2022$21,862 · 0.69%
Similar plansHealth Care & Social Assistance · Massachusetts
Old Colony Hospice, Inc. MA$3.6M · 1.08%
Crystal Springs, Inc. MA$3.5M · 0.70%
Eleanor Health Inc MA$3.4M · 0.29%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 043373741 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.