Plan Ledger DOL Form 5500 · updated monthly

Holyoke Medical Center, Inc.403(b)

HOLYOKE MEDICAL CENTER, INC. 403(B) RETIREMENT PLAN · HOLYOKE, MA · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Holyoke Medical Center, Inc. reported $104,181 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $158 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 0.18% to 0.16%. 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 541st-largest of 2,726 plans among Massachusetts employers on file, and the 1,438th of 11,911 in health care & social assistance. In 2024, employees put in $18.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$70,501,628
Participants with balances1,057
Active participants2,162
Employer contributions$342,662
Employee contributions$6,205,236
Employer contribution per active participant$158
Average account balance$66,700
Benefits paid to participants$8,217,965
Plan auditUnmodified (clean) audit opinion
AuditorMEYERS BROTHERS KALICKA, PC
Plan history3
Yearassets · accounts · employer contribution
2024$70.5M · 1,057 accts · $343K emplr
2023$59.0M · 995 accts · $291K emplr
2022$45.2M · 949 accts · $278K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$74,798
Investment management$8,008
Trustee / custodial$21,375
Total administrative$104,181
Employer contributions to the Holyoke Medical Center, Inc. plan · 2024
Employer contribution per active participant$158
Median for plans this size$3,635
2024$158 per active participant
2023$125 per active participant
2022$139 per active participant

Holyoke Medical 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 · 20243
SENTINEL BENEFITS GROUP, LLC · Recordkeeping$74,798
FIDELITY PERSONAL TRUST COMPANY · Custodial (securities)$21,375
SHEPHERD KAPLAN KROCHUCK, LLC · Investment advisory (plan)$8,008

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$104,181 · 0.16%
2023$94,521 · 0.18%
2022$87,469 · 0.18%
Same employer
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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%
Vna Care Network, Inc. MA$59.0M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222520073 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.