Plan Ledger DOL Form 5500 · updated monthly

POINT32HEALTH401(k)

POINT32HEALTH 401(K) PLAN · WATERTOWN, MA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

POINT32HEALTH reported $521,615 in plan administrative expenses for 2024: 0.04% of average plan assets, below the peer median. Employer contributions averaged $7,395 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 1 year on file its reported administrative ratio rose from 0.038% to 0.041%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 40th-largest of 2,726 plans among Massachusetts employers on file, and the 140th of 4,798 in finance & insurance. In 2024, employees put in $1.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,328,503,281
Participants with balances6,339
Active participants4,237
Employer contributions$31,330,765
Employee contributions$46,756,723
Employer contribution per active participant$7,395
Average account balance$209,576
Benefits paid to participants$121,875,759
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.3B · 6,339 accts · $31.3M emplr
2023$1.2B · 6,506 accts · $31.3M emplr
2022$990.6M · 6,431 accts · $25.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$300
Investment management$444,607
Total administrative$521,615
The POINT32HEALTH 401(k) match · 2024
Employer contribution per active participant$7,395
Median for plans this size$5,259
2024$7,395 per active participant
2023$7,020 per active participant
2022$5,795 per active participant

POINT32HEALTH's 2024 employer contribution ran above the $5,259 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
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$444,607
CAPTRUST · Investment advisory (plan)$76,708
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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$521,615 · 0.04%
2023$417,891 · 0.04%
2022Not separately reported
Same employer
Similar plansFinance & Insurance · Massachusetts

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Source: U.S. Department of Labor, Form 5500 series, EIN 042985923 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.