Plan Ledger DOL Form 5500 · updated monthly

Franklin W. Olin College of Engineering403(b)

FRANKLIN W. OLIN COLLEGE OF ENGINEERING 403(B) RETIREMENT PLAN · NEEDHAM, MA · plan year 2025

Reported admin expense ratio · 2025
0.23%

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

Franklin W. Olin College of Engineering reported $165,368 in plan administrative expenses for 2025: 0.23% of average plan assets, higher than ~75% of peers. Employer contributions averaged $8,272 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 rose from 0.14% to 0.23%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other educational services employers. By assets it is the 509th-largest of 2,726 plans among Massachusetts employers on file, and the 667th of 3,091 in educational services. In 2025, employees put in $1.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$77,055,590
Participants with balances309
Active participants128
Employer contributions$1,058,870
Employee contributions$1,530,880
Employer contribution per active participant$8,272
Average account balance$249,371
Benefits paid to participants$5,339,862
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$77.1M · 309 accts · $1.1M emplr
2024$69.2M · 336 accts · $1.1M emplr
2023$62.2M · 323 accts · $1.0M emplr
2022$51.7M · 310 accts · $913K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$165,368
Total administrative$165,368
Employer contributions to the Franklin W. Olin College of Engineering plan · 2025
Employer contribution per active participant$8,272
Median for plans this size$4,093
2025$8,272 per active participant
2024$7,679 per active participant
2023$7,693 per active participant
2022$6,816 per active participant

Franklin W. Olin College of Engineering's 2025 employer contribution ran above the $4,093 median for plans its size, placing it in the top 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
TIAA$112,451
FIDUCIENT ADVISORS, LLC$32,767
CARON & BLETZER PLLC$11,000
THE ANGELL PENSION GROUP, INC.$9,150

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

Administrative cost history4
2025$165,368 · 0.23%
2024$118,917 · 0.18%
2023$81,661 · 0.14%
2022$77,989 · 0.14%
Same employer
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New England Law Boston MA$87.0M · 0.04%
Year Up, Inc. MA$81.4M · 0.20%
New England Conservatory MA$78.3M · 0.03%
Tabor Academy MA$77.5M · 0.09%
The Winsor School MA$75.4M · 0.09%
Belmont Hill School MA$73.9M · 0.09%
Concord Academy MA$73.6M · 0.08%
Lasell University MA$71.8M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061519057 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.