Plan Ledger DOL Form 5500 · updated monthly

Partners in Health, a Non-Profit Corporation401(k)

PARTNERS IN HEALTH 401(K) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Partners in Health, a Non-Profit Corporation reported $93,555 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $3,049 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 0.90% to 0.43%. 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 1,154th-largest of 2,726 plans among Massachusetts employers on file, and the 3,236th of 11,911 in health care & social assistance. In 2024, employees put in $2.40 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,148,280
Participants with balances496
Active participants349
Employer contributions$1,064,103
Employee contributions$2,552,760
Employer contribution per active participant$3,049
Average account balance$48,686
Benefits paid to participants$1,538,050
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.1M · 496 accts · $1.1M emplr
2023$18.9M · 472 accts · $818K emplr
2022$13.9M · 437 accts · $756K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,555
Total administrative$93,555
The Partners in Health, a Non-Profit Corporation 401(k) match · 2024
Employer contribution per active participant$3,049
Median for plans this size$2,416
2024$3,049 per active participant
2023$2,574 per active participant
2022$2,326 per active participant

Partners in Health, a Non-Profit Corporation's 2024 employer contribution ran above 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 · 20244
JOHN HANCOCK · Recordkeeping · Loan processing$47,248
GRAY, GRAY & GRAY LLP · Accounting / audit$15,750
LION STREET ADVISORS LLC · Investment advisory (plan)$15,000
COMPASS 360, LLC · Plan administrator$6,955

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$93,555 · 0.43%
2023$67,543 · 0.41%
2022$125,823 · 0.90%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Wingate Healthcare, Inc. MA$25.0M · 0.67%
Element Care, Inc. MA$24.7M · 0.35%
Care Dimensions, Inc. MA$23.9M · 0.53%
Pointe Group Care, LLC MA$23.6M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043567502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.