Plan Ledger DOL Form 5500 · updated monthly

Risk Management Foundation of the Harvard Medical Institutions, Inc.401(k)

RMF 401K RETIREMENT PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Risk Management Foundation of the Harvard Medical Institutions, Inc. reported $4,056 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $12,124 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 0.10% to 0.01%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 480th-largest of 2,726 plans among Massachusetts employers on file, and the 1,141st of 4,798 in finance & insurance. In 2024, employees put in $1.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$83,910,154
Participants with balances271
Active participants174
Employer contributions$2,109,564
Employee contributions$2,221,970
Employer contribution per active participant$12,124
Average account balance$309,632
Benefits paid to participants$5,329,901
Plan auditUnmodified (clean) audit opinion
AuditorGRAY, GRAY & GRAY
Plan history3
Yearassets · accounts · employer contribution
2024$83.9M · 271 accts · $2.1M emplr
2023$74.1M · 272 accts · $2.0M emplr
2022$64.0M · 268 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,460
Total administrative$4,056
The Risk Management Foundation of the Harvard Medical Institutions, Inc. 401(k) match · 2024
Employer contribution per active participant$12,124
Median for plans this size$3,635
2024$12,124 per active participant
2023$11,867 per active participant
2022$11,454 per active participant

Risk Management Foundation of the Harvard Medical Institutions, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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
CHARLES SCHWAB & CO., INC. · Securities brokerage$9

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$4,056 · 0.01%
2023$26,868 · 0.04%
2022$67,997 · 0.10%
Same employer
Similar plansFinance & Insurance · Massachusetts
Health New England, Inc. MA$87.2M · 0.03%
The Andover Companies MA$80.4M · 0.00%
Harborone Bank MA$80.3M · 0.18%
Bay Coast Bank MA$78.3M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042667811 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.