Plan Ledger DOL Form 5500 · updated monthly

Tufts Medical Center, Inc.403(b)

TUFTS MEDICAL CENTER, INC. RETIREMENT SAVINGS PLAN - 403(B) · BOSTON, MA · plan year 2022

Reported admin expense ratio · 2022
0.06%

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

Tufts Medical Center, Inc. reported $388,807 in plan administrative expenses for 2022: 0.06% of average plan assets, below the peer median. Employer contributions averaged $2,817 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 rose from 0.06% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,568 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 98th-largest of 2,726 plans among Massachusetts employers on file, and the 280th of 11,911 in health care & social assistance. In 2022, employees put in $3.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$629,832,186
Participants with balances7,849
Active participants3,457
Employer contributions$9,739,372
Employee contributions$34,486,273
Employer contribution per active participant$2,817
Average account balance$80,244
Benefits paid to participants$47,899,893
Plan auditUnmodified (clean) audit opinion
AuditorMAYER HOFFMAN MCCANN P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$372.5M · 2,743 accts · $5.5M emplr
2023$335.2M · 2,819 accts · $8.7M emplr
2022$629.8M · 7,849 accts · $9.7M emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$1,450
Investment management$139,573
Total administrative$388,807
Employer contributions to the Tufts Medical Center, Inc. plan · 2022
Employer contribution per active participant$2,817
Median for plans this size$4,065
2024$3,230 per active participant
2023$4,812 per active participant
2022$2,817 per active participant

Tufts Medical Center, Inc.'s 2022 employer contribution ran below the $4,065 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024UNUM LIFE INS. CO. OF AMERICA
2023UNUM LIFE INS. CO. OF AMERICA

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

Administrative cost history3
2024$243,867 · 0.07%
2023$369,639 · 0.08%
2022$388,807 · 0.06%
All plans at this employer2
TUFTS MEDICAL CENTER, INC. RETIREMENT PROGRAM - PARTICIPANT CONTRIBUTION PLANProfit-sharing plan
TUFTS MEDICAL CENTER, INC. RETIREMENT SAVINGS PLAN - 403(B)403(b)
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
South Shore Hospital, Inc. MA$726.9M · 0.08%
Bhs Management Services Inc. MA$693.6M · 0.15%
Modernatx, Inc. MA$650.1M · 0.04%
Mount Auburn Hospital MA$588.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043400617 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.