Plan Ledger DOL Form 5500 · updated monthly

Winchester Hospital401(k)

WINCHESTER PHYSICIAN ASSOCIATES, INC. PROFIT SHARING PLAN · WINCHESTER, MA · plan year 2023

Reported admin expense ratio · 2023
0.10%

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

Winchester Hospital reported $49,459 in plan administrative expenses for 2023: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,420 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 has held roughly steady near 0.101%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 689th-largest of 2,726 plans among Massachusetts employers on file, and the 1,812th of 11,911 in health care & social assistance. In 2023, employees put in $2.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$52,055,212
Participants with balances281
Active participants312
Employer contributions$1,067,059
Employee contributions$2,317,872
Employer contribution per active participant$3,420
Average account balance$185,250
Benefits paid to participants$4,607,766
Plan auditUnmodified (clean) audit opinion
AuditorBDO USA, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $1.0M emplr
2023$52.1M · 281 accts · $1.1M emplr
2022$45.7M · 288 accts · $971K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,328
Investment management$3,369
Audit (IQPA)$25,466
Total administrative$49,459
The Winchester Hospital 401(k) match · 2023
Employer contribution per active participant$3,420
Median for plans this size$2,440
2023$3,420 per active participant
2022$3,193 per active participant

Winchester Hospital's 2023 employer contribution ran above the $2,440 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 · 20234
BDO · Accounting / audit$25,466
WILLIS TOWERS WATSON · Consulting$10,561
BILH SYSTEM SERVICES · Consulting$7,734
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,328

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024Not separately reported
2023$49,459 · 0.10%
2022$49,278 · 0.10%
Similar plansHealth Care & Social Assistance · Massachusetts
Akebia Therapeutics, Inc. MA$52.5M · 0.48%
Marlborough Hospital MA$51.9M · 0.07%
Advocates, Inc. MA$51.1M · 0.04%
Fmc Practice Services, LLC MA$49.5M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043262963 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.