Plan Ledger DOL Form 5500 · updated monthly

Lynn Community Health Inc403(b)

LYNN COMMUNITY HEALTH CENTER RETIREMENT PLAN · LYNN, MA · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Lynn Community Health Inc reported $64,215 in plan administrative expenses for 2024: 0.68% of average plan assets, above the peer median. Employer contributions averaged $1,040 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 0.32% to 0.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (1,754th of 2,726), and the 5,221st of 11,911 in health care & social assistance. In 2024, employees put in $3.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,761,047
Participants with balances668
Active participants764
Employer contributions$794,827
Employee contributions$2,950,376
Employer contribution per active participant$1,040
Average account balance$17,606
Benefits paid to participants$502,087
Plan auditUnmodified (clean) audit opinion
AuditorAAFCPA'S INC.
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 668 accts · $795K emplr
2023$7.2M · 583 accts · $651K emplr
2022$2.7M · 514 accts · $566K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,607
Investment management$20,959
Trustee / custodial$1,914
Total administrative$64,215
Employer contributions to the Lynn Community Health Inc plan · 2024
Employer contribution per active participant$1,040
Median for plans this size$1,313
2024$1,040 per active participant
2023$972 per active participant
2022$801 per active participant

Lynn Community Health Inc's 2024 employer contribution ran below the $1,313 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
SENTINEL BENEFITS GROUP, LLC · Recordkeeping · Consulting$39,607
SENTINEL PENSION ADVISORS · Investment advisory (plan)$20,960

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$64,215 · 0.68%
2023$30,611 · 0.62%
2022$8,869 · 0.32%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Lifestream, Inc. MA$11.9M · 0.04%
Westmass Eldercare, Inc. MA$11.5M · 0.44%
Hdc Care Solutions LLC MA$11.5M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042525066 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.