Plan Ledger DOL Form 5500 · updated monthly

Masonic Health System of Massachusetts, Inc.401(k)

MASONIC HEALTH SYSTEM OF MASSACHUSETTS, INC. AND GRAND LODGE OF MASONS IN · CHARLTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Masonic Health System of Massachusetts, Inc. reported $61,033 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $467 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 0.39% to 0.33%. 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 1,315th-largest of 2,726 plans among Massachusetts employers on file, and the 3,724th of 11,911 in health care & social assistance. In 2024, employees put in $4.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,759,493
Participants with balances308
Active participants533
Employer contributions$249,118
Employee contributions$1,227,698
Employer contribution per active participant$467
Average account balance$64,154
Benefits paid to participants$2,029,690
Plan auditUnmodified (clean) audit opinion
AuditorMATTHEW J BERNIER CPA LLC
Plan history3
Yearassets · accounts · employer contribution
2024$19.8M · 308 accts · $249K emplr
2023$17.8M · 309 accts · $231K emplr
2022$16.1M · 322 accts · $252K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,033
Total administrative$61,033
The Masonic Health System of Massachusetts, Inc. 401(k) match · 2024
Employer contribution per active participant$467
Median for plans this size$2,416
2024$467 per active participant
2023$424 per active participant
2022$486 per active participant

Masonic Health System of Massachusetts, 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$61,032
MMA SECURITES LLC · Investment advisory (plan)indirect comp

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$61,033 · 0.33%
2023$59,677 · 0.35%
2022$70,504 · 0.39%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Stafford Management, LLC MA$20.8M · 0.77%
Tempus Unlimited, Inc. MA$20.3M · 0.27%
Affinity Dental MA$20.0M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043515688 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.