Plan Ledger DOL Form 5500 · updated monthly

Metropolitan Boston Housing Partnership, Inc.403(b)

METRO HOUSING BOSTON 403(B) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Metropolitan Boston Housing Partnership, Inc. reported $54,928 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,587 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 3 years on file its reported administrative ratio has held roughly steady near 0.53%. 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 among the smaller plans on file in Massachusetts (1,840th of 2,726), and the 5,487th of 11,911 in health care & social assistance. In 2024, employees put in $1.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,754,626
Participants with balances283
Active participants216
Employer contributions$342,896
Employee contributions$601,593
Employer contribution per active participant$1,587
Average account balance$38,002
Benefits paid to participants$1,510,814
Plan auditDisclaimer of opinion
AuditorDANIEL DENNIS AND COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 283 accts · $343K emplr
2023$10.1M · 276 accts · $338K emplr
2022$9.0M · 300 accts · $288K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,800
Investment management$26,128
Total administrative$54,928
Employer contributions to the Metropolitan Boston Housing Partnership, Inc. plan · 2024
Employer contribution per active participant$1,587
Median for plans this size$2,416
2024$1,587 per active participant
2023$1,580 per active participant
2022$1,236 per active participant

Metropolitan Boston Housing Partnership, Inc.'s 2024 employer contribution ran below the $2,416 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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$28,799
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$26,128

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$54,928 · 0.53%
2023$51,519 · 0.54%
2022$49,462 · 0.52%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Pathlight, Inc. MA$11.0M · 1.26%
Community Care Cooperative MA$10.8M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042775991 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.