Plan Snapshot
- Plan Sponsor: Beth Israel Lahey Health
- Sponsor EIN: 042103881
- Sponsor Address: 330 BROOKLINE AVENUE, BOSTON, MA, 022155400
- Plan Type: 401(k)
- Total Participants: 15,698
- Total Assets: $1.6B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 15,698 | $1.6B | $37.3M | $58.6M |
| 2023 | 15,190 | $1.4B | $37.0M | $56.8M |
| 2022 | 13,896 | $1.2B | $32.6M | $50.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WILLIS TOWERS WATSON | CONSULTANT | $866,917 | — | $866,917 |
| STRATEGIC ADVISORS, INC | INV ADVISOR | $474,575 | — | $474,575 |
| FID INV INSTL OPS CO | RECORDKEEPER/ INV MGT | $169,022 | — | $169,022 |
| BDO | AUDIT | $36,029 | — | $36,029 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC — INV ADVISOR
- FID INV INSTL OPS CO — RECORDKEEPER/ INV MGT
- BDO — AUDIT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,546,543
- Estimated Expense Ratio: 0.097% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,546,543 | $474,575 | — | $36,029 | — |
| 2023 | $1,266,580 | $467,428 | $658,726 | $14,468 | — |
| 2022 | $304,975 | $366,100 | — | — | — |