What are the fees in the Turning Point, Inc. 403(b) plan?

For plan year 2022, Turning Point, Inc. reported $11,966 in plan administrative expenses, or 1.92% of average plan assets — higher than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Turning Point, Inc. 401(k)?

The average participant account balance was $10,796 for plan year 2022, based on 49 accounts.

Turning Point, Inc.403(b)

Name: Turning Point, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

TURNING POINT, INC. 403(B) PLAN · NEWBURYPORT, MA · plan year 2022

Reported admin expense ratio · 2022

1.92%

Turning Point, Inc. reported $11,966 in plan administrative expenses for 2022: 1.92% of average plan assets, higher than ~75% of peers. 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (2,676th of 2,726), and 11,324th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$528,996
Participants with balances49
Active participants321
Employer contributions—
Employee contributions$162,422
Employer contribution per active participant—
Average account balance$10,796
Benefits paid to participants$225,672
Plan auditUnmodified (clean) audit opinion
AuditorAAFCPAS

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$11,966 · 1.92%

Same employer

Turning Point, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 042479435 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.