Plan Ledger DOL Form 5500 · updated monthly

Fallon Community Health Plan401(k)

FALLON COMMUNITY HEALTH PLAN, INC. 401(K) PLAN · WORCESTER, MA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Fallon Community Health Plan reported $204,325 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $3,292 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 0.14% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 306th-largest of 2,726 plans among Massachusetts employers on file, and the 678th of 4,798 in finance & insurance. In 2024, employees put in $2.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$167,168,030
Participants with balances1,618
Active participants1,216
Employer contributions$4,002,893
Employee contributions$8,673,099
Employer contribution per active participant$3,292
Average account balance$103,318
Benefits paid to participants$13,137,383
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$167.2M · 1,618 accts · $4.0M emplr
2023$148.9M · 1,634 accts · $3.9M emplr
2022$131.2M · 1,629 accts · $3.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$197,149
Investment management$7,176
Total administrative$204,325
The Fallon Community Health Plan 401(k) match · 2024
Employer contribution per active participant$3,292
Median for plans this size$3,635
2024$3,292 per active participant
2023$3,197 per active participant
2022$2,849 per active participant

Fallon Community Health Plan's 2024 employer contribution ran below 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
EMPOWER ADVISORY GROUP, LLC · Investment management$7,176

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$204,325 · 0.13%
2023$194,088 · 0.14%
2022$201,533 · 0.14%
Same employer
Similar plansFinance & Insurance · Massachusetts
Amundi US, Inc. MA$174.2M · 0.04%
Nepc, LLC MA$170.6M · 0.06%
Brookline Bancorp, Inc. MA$168.7M · 0.09%
Arrowstreet Capital L.P. MA$164.7M · 0.03%
The Baupost Group, L.L.C. MA$156.2M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237442369 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.