Plan Snapshot
- Plan Sponsor: Boston Medical Center
- Sponsor EIN: 043314093
- Sponsor Address: 960 MASSACHUSETTS AVENUE,, BOSTON, MA, 02118
- Plan Type: 403(b)
- Total Participants: 16,171
- Total Assets: $1.7B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- 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 | 16,171 | $1.7B | $34.2M | $71.9M |
| 2023 | 11,392 | $1.5B | $29.6M | $61.3M |
| 2022 | 10,051 | $1.2B | $26.4M | $52.3M |
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 |
|---|---|---|---|---|
| TIAA | NONE | $826,611 | — | $826,611 |
| AON HEWITT INV CONSULTING, INC | NONE | $230,000 | — | $230,000 |
| DANIEL DENNIS & COMPANY LLP | NONE | $16,010 | — | $16,010 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — NONE
- DANIEL DENNIS & COMPANY LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,072,621
- Estimated Expense Ratio: 0.063% 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 | $1,089,143 | $275,389 | $40,580 | $16,010 | — |
| 2023 | $763,843 | $30,766 | $7,474 | — | — |
| 2022 | $857,122 | $121,250 | — | — | $33,000 |