Plan Ledger DOL Form 5500 · updated monthly

Mass General Brigham Incorporated403(b)

CONSOLIDATED 403(B) PROGRAM OF MASS GENERAL BRIGHAM AND MEMBER ORGANIZATIONS · SOMERVILLE, MA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Mass General Brigham Incorporated reported $4,362,688 in plan administrative expenses for 2024: 0.03% of average plan assets, below the peer median. Employer contributions averaged $2,129 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 0.05% to 0.03%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2nd-largest of 2,726 plans among Massachusetts employers on file, and the 3rd of 11,911 in health care & social assistance. In 2024, employees put in $4.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,745,716,558
Participants with balances133,925
Active participants76,118
Employer contributions$162,025,356
Employee contributions$668,818,528
Employer contribution per active participant$2,129
Average account balance$125,038
Benefits paid to participants$1,024,985,340
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.7B · 133,925 accts · $162.0M emplr
2023$14.9B · 130,246 accts · $149.5M emplr
2022$12.1B · 117,111 accts · $129.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,362,688
Total administrative$4,362,688
Employer contributions to the Mass General Brigham Incorporated plan · 2024
Employer contribution per active participant$2,129
Median for plans this size$5,259
2024$2,129 per active participant
2023$1,952 per active participant
2022$1,748 per active participant

Mass General Brigham Incorporated's 2024 employer contribution ran below the $5,259 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
FIDELITY INVESTMENTS · Loan processing$4,322,807
TIAA-CREF · Loan processing$11,412

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$4,362,688 · 0.03%
2023$4,505,309 · 0.03%
2022$5,542,960 · 0.05%
All plans at this employer2
CONSOLIDATED 403(B) PROGRAM OF MASS GENERAL BRIGHAM AND MEMBER ORGANIZATIONS403(b)
CONSOLIDATED 401(A) AND 401(K) PROGRAM OF MASS GENERAL BRIGHAM AND MEMBER ORGANIZATIONS403(b)
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 043230035 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.