Plan Ledger DOL Form 5500 · updated monthly

Wentworth Institute of Technology, Inc.403(b)

WENTWORTH INSTITUTE OF TECHNOLOGY 403(B) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Wentworth Institute of Technology, Inc. reported $173,754 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $6,379 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 0.07% to 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 237th-largest of 2,726 plans among Massachusetts employers on file, and the 255th of 3,091 in educational services. In 2024, the employer put in $1.44 for every $1.00 employees contributed themselves; active participation has shrunk from 2,034 to 798 since 2022.

Plan summary
Net assets, end of year$223,044,173
Participants with balances1,482
Active participants798
Employer contributions$5,090,091
Employee contributions$3,527,681
Employer contribution per active participant$6,379
Average account balance$150,502
Benefits paid to participants$11,767,373
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$223.0M · 1,482 accts · $5.1M emplr
2023$201.2M · 1,445 accts · $4.6M emplr
2022$177.4M · 1,389 accts · $4.3M emplr
Administrative expenses, itemized · 2024
Investment management$173,754
Total administrative$173,754
Employer contributions to the Wentworth Institute of Technology, Inc. plan · 2024
Employer contribution per active participant$6,379
Median for plans this size$3,635
2024$6,379 per active participant
2023$4,941 per active participant
2022$2,098 per active participant

Wentworth Institute of Technology, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20243
TIAA$123,978
FIDUCIENT ADVISORS LLC · Investment advisory (participants) · Investment advisory (plan)$35,602
CBIZ CPAS P.C. · Accounting / audit$14,750

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$173,754 · 0.08%
2023$138,747 · 0.07%
2022$139,892 · 0.07%
Same employer
Similar plansEducational Services · Massachusetts
Simmons University MA$269.5M · 0.05%
Springfield College MA$245.8M · 0.03%
Stonehill College MA$239.9M · 0.10%
Ef Services, Inc. MA$230.2M · 0.17%
Wheaton College MA$213.5M · 0.08%
Lesley University MA$196.0M · 0.09%
Merrimack College MA$184.6M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 041958460 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.