Plan Ledger DOL Form 5500 · updated monthly

Middlesex Health403(b)

MIDDLESEX RETIREMENT SAVINGS AND INVESTMENT PLAN · MIDDLETOWN, CT · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Middlesex Health reported $461,726 in plan administrative expenses for 2024: 0.10% of average plan assets, above the peer median. Employer contributions averaged $2,557 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 0.08% to 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 53rd-largest of 1,106 plans among Connecticut employers on file, and the 340th of 11,911 in health care & social assistance. In 2024, employees put in $1.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$473,223,900
Participants with balances6,305
Active participants5,194
Employer contributions$13,281,722
Employee contributions$19,076,189
Employer contribution per active participant$2,557
Average account balance$75,055
Benefits paid to participants$31,252,217
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$473.2M · 6,305 accts · $13.3M emplr
2023$420.1M · 6,096 accts · $13.1M emplr
2022$351.5M · 6,043 accts · $12.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$407,596
Investment management$52,784
Total administrative$461,726
Employer contributions to the Middlesex Health plan · 2024
Employer contribution per active participant$2,557
Median for plans this size$4,294
2024$2,557 per active participant
2023$2,619 per active participant
2022$2,518 per active participant

Middlesex Health's 2024 employer contribution ran below the $4,294 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 · 20243
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$38,671
MARTY BARON$21,000
KEITH WILLIAMS$21,000

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$461,726 · 0.10%
2023$384,132 · 0.10%
2022$292,150 · 0.08%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Nuvance Health CT$1.2B · 0.09%
Stamford Health, Inc. CT$504.5M · 0.08%
Lawrence & Memorial Hospital CT$369.4M · 0.02%
Bridgeport Hospital CT$286.6M · 0.02%
Greenwich Hospital CT$242.3M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222676137 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.