Plan Ledger DOL Form 5500 · updated monthly

Marlborough Hospital403(b)

MARLBOROUGH HOSPITAL DEFINED CONTRIBUTION PLAN · MARLBOROUGH, MA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Marlborough Hospital reported $34,458 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,106 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 0.12% to 0.07%. 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 690th-largest of 2,726 plans among Massachusetts employers on file, and the 1,817th of 11,911 in health care & social assistance. In 2024, employees put in $3.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$51,903,643
Participants with balances683
Active participants696
Employer contributions$769,477
Employee contributions$2,878,945
Employer contribution per active participant$1,106
Average account balance$75,994
Benefits paid to participants$6,592,725
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$51.9M · 683 accts · $769K emplr
2023$48.1M · 752 accts · $703K emplr
2022$41.0M · 716 accts · $670K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,111
Investment management$6,647
Audit (IQPA)$4,700
Total administrative$34,458
Employer contributions to the Marlborough Hospital plan · 2024
Employer contribution per active participant$1,106
Median for plans this size$2,416
2024$1,106 per active participant
2023$971 per active participant
2022$930 per active participant

Marlborough Hospital'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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$23,111
COHNREZNICK LLP · Accounting / audit$4,700
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$4,339
FIDUCIENT ADVISORS · Investment advisory (plan)$2,308

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$34,458 · 0.07%
2023$48,137 · 0.11%
2022$55,096 · 0.12%
Similar plansHealth Care & Social Assistance · Massachusetts
Akebia Therapeutics, Inc. MA$52.5M · 0.48%
Winchester Hospital MA$52.1M · 0.10%
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 042104693 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.