Plan Ledger DOL Form 5500 · updated monthly

Pathlight, Inc.403(b)

PATHLIGHT INC. 403(B) RETIREMENT SAVINGS PLAN · SPRINGFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
1.26%

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

Pathlight, Inc. reported $136,805 in plan administrative expenses for 2024: 1.26% of average plan assets, higher than ~90% of peers. Employer contributions averaged $466 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 1.26%. 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 (1,820th of 2,726), and the 5,433rd of 11,911 in health care & social assistance. In 2024, employees put in $2.04 for every $1.00 the employer contributed; active participation has shrunk from 504 to 428 since 2022.

Plan summary
Net assets, end of year$10,966,438
Participants with balances349
Active participants428
Employer contributions$199,280
Employee contributions$406,163
Employer contribution per active participant$466
Average account balance$31,422
Benefits paid to participants$1,487,635
Plan auditDisclaimer of opinion
AuditorAAFCPA, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$11.0M · 349 accts · $199K emplr
2023$10.7M · 407 accts · $924K emplr
2022$8.6M · 357 accts · $621K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$83,480
Investment management$26,929
Audit (IQPA)$26,396
Total administrative$136,805
Employer contributions to the Pathlight, Inc. plan · 2024
Employer contribution per active participant$466
Median for plans this size$2,416
2024$466 per active participant
2023$1,913 per active participant
2022$1,233 per active participant

Pathlight, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
AAFCPAS, INC. · Accounting / audit$26,396
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$25,559
CAMBRIDGE INVESTMENT RESEARCH INC · Investment advisory (plan)$1,370

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$136,805 · 1.26%
2023$97,764 · 1.01%
2022$99,860 · 1.20%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Nupath, Inc. MA$11.2M · 0.33%
Community Care Cooperative MA$10.8M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042210685 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.