Plan Ledger DOL Form 5500 · updated monthly

Harbor Health Services, Inc.403(b)

HARBOR HEALTH SERVICES, INC. 403(B) PLAN · MATTAPAN, MA · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Harbor Health Services, Inc. reported $110,482 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $775 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 has held roughly steady near 0.262%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 752nd-largest of 2,726 plans among Massachusetts employers on file, and the 2,045th of 11,911 in health care & social assistance. In 2024, employees put in $5.67 for every $1.00 the employer contributed; active participation has grown from 550 to 607 since 2022.

Plan summary
Net assets, end of year$45,019,036
Participants with balances465
Active participants607
Employer contributions$470,268
Employee contributions$2,668,764
Employer contribution per active participant$775
Average account balance$96,815
Benefits paid to participants$3,930,043
Plan auditUnmodified (clean) audit opinion
AuditorAAFCPA'S INC.
Plan history3
Yearassets · accounts · employer contribution
2024$45.0M · 465 accts · $470K emplr
2023$39.4M · 445 accts · $443K emplr
2022$32.5M · 440 accts · $413K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,976
Investment management$46,506
Total administrative$110,482
Employer contributions to the Harbor Health Services, Inc. plan · 2024
Employer contribution per active participant$775
Median for plans this size$2,416
2024$775 per active participant
2023$753 per active participant
2022$750 per active participant

Harbor Health Services, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
SENTINEL BENEFITS GROUP, INC. · Recordkeeping$61,585
SENTINEL PENSION ADVISORS, INC. · Investment advisory (plan)$46,506

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

Recordkeeper by year2
2024Sentinel Group
2023Sentinel Group

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

Administrative cost history3
2024$110,482 · 0.26%
2023$96,469 · 0.27%
2022$94,376 · 0.26%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Advocates, Inc. MA$51.1M · 0.04%
Fmc Practice Services, LLC MA$49.5M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237100550 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.