Plan Ledger DOL Form 5500 · updated monthly

Milford Regional Medical Center403(b)

MILFORD REGIONAL MEDICAL CENTER PARTNERSHIP PLAN · MILFORD, MA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Milford Regional Medical Center reported $270,077 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $1,674 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 0.18% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 208th-largest of 2,726 plans among Massachusetts employers on file, and the 543rd of 11,911 in health care & social assistance. In 2024, employees put in $3.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$255,614,531
Participants with balances2,090
Active participants2,427
Employer contributions$4,061,596
Employee contributions$13,509,162
Employer contribution per active participant$1,674
Average account balance$122,304
Benefits paid to participants$25,262,251
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$255.6M · 2,090 accts · $4.1M emplr
2023$233.5M · 2,083 accts · $3.8M emplr
2022$203.8M · 1,960 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$157,113
Audit (IQPA)$21,500
Trustee / custodial$83,926
Total administrative$270,077
Employer contributions to the Milford Regional Medical Center plan · 2024
Employer contribution per active participant$1,674
Median for plans this size$3,635
2024$1,674 per active participant
2023$1,545 per active participant
2022$1,153 per active participant

Milford Regional Medical Center's 2024 employer contribution ran below the $3,635 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 · 20248
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$157,113
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$56,250
CARON & BLETZER, PLLC · Accounting / audit$21,500
WELLTH ADVISORY SERVICES, LLC · Investment advisory (plan)$18,750
FIDUCIENT INVESTMENT ADVISORS · Investment advisory (plan)$8,750
PARKER, BROWN, MACAULAY & SHEERIN, · Legal$7,358
CHARLES SCHWAB & CO., INC · Securities brokerage$98
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$270,077 · 0.11%
2023$110,816 · 0.05%
2022$397,273 · 0.18%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Cha General Services, Inc. MA$411.5M · 0.04%
Foundation Medicine, Inc. MA$241.6M · 0.03%
Winchester Hospital MA$236.6M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042103602 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.