Beth Israel Lahey Health 401(k) Review & Grade
Beth Israel Lahey Health 401(k) Retirement Savings Plan
Boston, MAHealth Care & Social Assistance15,444 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,417Employer $ per active participant
$3,795Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$1.6BNet plan assets, end of year
$100,274Average balance per account
Score breakdown
- Employer generosity28.9 / 5058th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 43th |
| Employee saving | 35th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,921 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Beth Israel Lahey Health put in about $2,417 per active participant, more than the typical peer ($2,086). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $37,328,892 |
| Participant (employee) contributions | $58,616,944 |
| Other contributions (incl. rollovers in) | $5,927,859 |
| Administrative expenses paid from the plan | $1,546,543 |
| Investment advisory & management fees | $474,575 |
| Other admin expenses | $866,917 |
| Benefits paid out | $131,076,398 |
| Net assets, start / end of year | $1.4B / $1.6B |
| Active participants, start / end of year | 15,190 / 15,698 |
| Participants with account balances | 15,964 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Willis Towers Watson | $866,917 reported compensation |
| Strategic Advisors, Inc | $474,575 reported compensation |
| Fid Inv Instl Ops Co | $169,022 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015111737NAL0002310787001, received 2025-10-15, EIN 04-2103881, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.