Plan Snapshot
- Plan Sponsor: Point32health
- Sponsor EIN: 042985923
- Sponsor Address: 705 MOUNT AUBURN STREET, WATERTOWN, MA, 02472
- Plan Type: 401(k)
- Total Participants: 4,237
- Total Assets: $1.3B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 4,237 | $1.3B | $31.3M | $46.8M |
| 2023 | 4,455 | $1.2B | $31.3M | $46.7M |
| 2022 | 4,349 | $990.6M | $25.2M | $43.5M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $444,607 | — | $444,607 |
| CAPTRUST | INVESTMENT ADVISOR | $76,708 | — | $76,708 |
| ERNST & YOUNG | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- CAPTRUST — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $521,315
- Estimated Expense Ratio: 0.039% 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 | $521,615 | $444,607 | $300 | — | — |
| 2023 | $417,891 | $329,091 | $1,800 | — | — |
| 2022 | -$1,024,079 | $369,304 | — | — | — |