Plan Ledger DOL Form 5500 · updated monthly

Fenway Community Health Center, Inc.403(b)

FENWAY COMMUNITY HEALTH CENTER, INC. TAX SHELTERED ANNUITY AND PROFIT SHARING PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Fenway Community Health Center, Inc. reported $136,508 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $394 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 0.15% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 527th-largest of 2,726 plans among Massachusetts employers on file, and the 1,406th of 11,911 in health care & social assistance. In 2024, employees put in $14.21 for every $1.00 the employer contributed; active participation has shrunk from 595 to 411 since 2022.

Plan summary
Net assets, end of year$72,353,937
Participants with balances895
Active participants411
Employer contributions$161,810
Employee contributions$2,299,632
Employer contribution per active participant$394
Average account balance$80,842
Benefits paid to participants$9,557,042
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$72.4M · 895 accts · $162K emplr
2023$69.9M · 942 accts · $109K emplr
2022$66.4M · 1,045 accts · $765K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$136,508
Total administrative$136,508
Employer contributions to the Fenway Community Health Center, Inc. plan · 2024
Employer contribution per active participant$394
Median for plans this size$3,635
2024$394 per active participant
2023$273 per active participant
2022$1,285 per active participant

Fenway Community Health Center, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$136,508
GLOBAL RETIREMENT PARTNERS · Consultingindirect comp
THE ANGELL PENSION GROUP INC · Other services · Contract administratorindirect comp
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)indirect 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$136,508 · 0.19%
2023$131,610 · 0.19%
2022$94,401 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Vinfen Corporation MA$78.0M · 0.28%
Anna Jaques Hospital MA$75.2M · 0.21%
Healthcare South P.C. MA$73.9M · 0.33%
42 North Dental, LLC MA$60.4M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042510564 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.