Plan Ledger DOL Form 5500 · updated monthly

President & Fellows of Harvard College Harvard Human Resources, Benefi403(b)

HARVARD UNIVERSITY TAX DEFERRED ANNUITY PLAN · CAMBRIDGE, MA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

President & Fellows of Harvard College Harvard Human Resources, Benefi reported $499,098 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $102 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 0.013% to 0.012%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other educational services employers. By assets it is the 13th-largest of 2,726 plans among Massachusetts employers on file, and the 16th of 3,091 in educational services. In 2024, employees put in $79.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,299,350,229
Participants with balances33,507
Active participants22,562
Employer contributions$2,304,769
Employee contributions$183,677,355
Employer contribution per active participant$102
Average account balance$128,312
Benefits paid to participants$194,803,684
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.3B · 33,507 accts · $2.3M emplr
2023$3.8B · 31,750 accts · $850 emplr
2022$3.2B · 30,166 accts · $239K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$499,098
Total administrative$499,098
Employer contributions to the President & Fellows of Harvard College Harvard Human Resources, Benefi plan · 2024
Employer contribution per active participant$102
Median for plans this size$5,259
2024$102 per active participant
2023$0 per active participant
2022$11 per active participant

President & Fellows of Harvard College Harvard Human Resources, Benefi's 2024 employer contribution ran below the $5,259 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 · 20241

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$499,098 · 0.01%
2023$531,576 · 0.02%
2022$449,733 · 0.01%
All plans at this employer4
RETIREMENT INCOME PLAN FOR TEACHING FACULTY OF HARVARD UNIVERSITY403(b)
HARVARD UNIVERSITY RETIREMENT PLANMoney purchase plan
HARVARD UNIVERSITY TAX DEFERRED ANNUITY PLAN403(b)
HARVARD UNIVERSITY DEFINED CONTRIBUTION RETIREMENT PLANMoney purchase plan
Same employer
Similar plansEducational Services · Massachusetts
Northwestern University IL$4.4B · 0.01%
The University of Chicago IL$3.8B · 0.01%
Cornell University NY$3.0B · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042103580 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.