Boston Children's Health Physicians, LLP 401(k) Review & Grade
Boston Children's Health Physicians, LLP 401(k) Retirement Plan
Valhalla, NYHealth Care & Social Assistance846 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,749Employer $ per active participant
$7,300Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$98.4MNet plan assets, end of year
$85,657Average balance per account
Score breakdown
- Employer generosity33.1 / 5066th percentile for employer $ per participant
- Low cost23.8 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving14.1 / 1594th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 95th |
| Employee saving | 94th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Boston Children's Health Physicians, LLP put in about $1,749 per active participant, more than the typical peer ($976). 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 | $1,478,752 |
| Participant (employee) contributions | $6,171,914 |
| Other contributions (incl. rollovers in) | $282,688 |
| Administrative expenses paid from the plan | $18,625 |
| Contract administrator fees | $17,025 |
| Other admin expenses | $1,600 |
| Benefits paid out | $3,264,025 |
| Net assets, start / end of year | $83.1M / $98.4M |
| Active participants, start / end of year | 837 / 854 |
| Participants with account balances | 1,149 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | HBK Cpas & Consultants |
Largest service providers (Schedule C)
| Commonwealth Equity Services | $208,933 reported compensation |
| Concierge Retirement Services Inc | $43,245 reported compensation |
| Morningstar | $13,531 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014171556NAL0003484017001, received 2025-10-14, EIN 13-3956599, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.