Plan Ledger DOL Form 5500 · updated monthly

Wellesley College403(b)

WELLESLEY COLLEGE 403(B) RETIREMENT PLAN · WELLESLEY, MA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Wellesley College reported $340,721 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $7,225 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 3 years on file its reported administrative ratio has held roughly steady near 0.05%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 73rd-largest of 2,726 plans among Massachusetts employers on file, and the 64th of 3,091 in educational services. In 2024, employees put in $1.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$787,303,149
Participants with balances3,555
Active participants1,326
Employer contributions$9,580,430
Employee contributions$10,784,636
Employer contribution per active participant$7,225
Average account balance$221,464
Benefits paid to participants$39,753,995
Plan auditDisclaimer of opinion
AuditorMP P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$787.3M · 3,555 accts · $9.6M emplr
2023$721.9M · 3,530 accts · $9.0M emplr
2022$639.8M · 3,480 accts · $9.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$340,361
Total administrative$340,721
Employer contributions to the Wellesley College plan · 2024
Employer contribution per active participant$7,225
Median for plans this size$4,294
2024$7,225 per active participant
2023$6,989 per active participant
2022$7,188 per active participant

Wellesley College's 2024 employer contribution ran above the $4,294 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 · 20246
FIDUCIENT ADVISORS, LLC$50,139
HARVARD SQUARE FINANCIAL PLANNING$22,000
THE ANGELL PENSION GROUP, INC · Contract administrator$13,409
HARRY K. FRIEDMAN$8,309
MP, P.C.$7,250

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$340,721 · 0.05%
2023$318,967 · 0.05%
2022$304,468 · 0.04%
Same employer
Similar plansEducational Services · Massachusetts
Northeastern University MA$2.6B · 0.01%
Trustees of Tufts College MA$1.0B · 0.05%
Brandeis University MA$923.1M · 0.04%
Trustees of Boston College MA$765.2M · 0.01%
Williams College MA$701.3M · 0.04%
Amherst College Trustees MA$635.7M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042103637 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.