Plan Ledger DOL Form 5500 · updated monthly

William B Rice Eventide Home403(b)

SECTION 403(B) RETIREMENT PLAN FOR WILLIAM B RICE EVENTIDE HOME · WEYMOUTH, MA · plan year 2023

Reported admin expense ratio · 2023
1.42%

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

William B Rice Eventide Home reported $27,808 in plan administrative expenses for 2023: 1.42% of average plan assets, higher than ~90% of peers. Employer contributions averaged $937 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 0.15% to 3.10%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (2,569th of 2,726), and 9,975th of 11,911 in health care & social assistance. In 2023, employees put in $2.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,098,358
Participants with balances127
Active participants106
Employer contributions$99,319
Employee contributions$229,978
Employer contribution per active participant$937
Average account balance$16,523
Benefits paid to participants$329,050
Plan auditUnmodified (clean) audit opinion
AuditorPLANCHECK CPA'S LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7K · $18K emplr
2023$2.1M · 127 accts · $99K emplr
2022$1.8M · 133 accts · $73K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$6,662
Investment management$21,146
Total administrative$27,808
Employer contributions to the William B Rice Eventide Home plan · 2023
Employer contribution per active participant$937
Median for plans this size$1,308
2023$937 per active participant
2022$649 per active participant

William B Rice Eventide Home's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Loan processing · Contract administrator$16,405
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$7,998
SOUTHEASTERN EMPLOYEE BENEFIT SERVI · Other services$3,453

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$32,639 · 3.10%
2023$27,808 · 1.42%
2022$2,608 · 0.15%
Similar plansHealth Care & Social Assistance · Massachusetts
Guardian Healthcare LLC MA$2.1M · 0.43%
Abacus Insights Inc. MA$2.1M · 0.44%
Centerboard, Inc. MA$1.9M · 0.16%
Roca, Inc. MA$1.9M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042106771 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.