Plan Snapshot
- Plan Sponsor: Point32health
- Sponsor EIN: 042734278
- Sponsor Address: P.O. BOX 5199, WESTBOROUGH, MA, 01581
- Plan Type: 401(k)
- Total Participants: 1,008
- Total Assets: $61.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 1,008 | $61.3M | $2.4M | $5.3M |
| 2023 | 831 | $51.7M | $2.0M | $4.4M |
| 2022 | 713 | $39.9M | $1.7M | $3.8M |
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 |
|---|---|---|---|---|
| ERNEST & YOUNG LLP | INVESTMENT ADVISOR | $27,300 | — | $27,300 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $5,884 | — | $5,884 |
| ERNST & YOUNG, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERNEST & YOUNG LLP — INVESTMENT ADVISOR
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,184
- Estimated Expense Ratio: 0.054% 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 | -$49,486 | $5,884 | $300 | — | — |
| 2023 | -$61,230 | $30,835 | — | — | — |
| 2022 | -$27,723 | $164 | — | — | -$26,000 |