Trustees of Boston College 401(k) Review & Grade
The Boston College 401(k) Retirement Plan I
Chestnut Hill, MAEducational Services1,608 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,943Employer $ per active participant
$1,869Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$765.2MNet plan assets, end of year
$219,874Average balance per account
Score breakdown
- Employer generosity49.7 / 5099th percentile for employer $ per participant
- Low cost24.5 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1531th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 98th |
| Employee saving | 31th |
| Peers that auto-enroll | 37% |
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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
- Trustees of Boston College put in about $8,943 per active participant, more than the typical peer ($1,225). 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 | $14,375,921 |
| Participant (employee) contributions | $3,004,691 |
| Other contributions (incl. rollovers in) | $860,130 |
| Administrative expenses paid from the plan | $63,082 |
| Contract administrator fees | $63,082 |
| Benefits paid out | $39,211,255 |
| Net assets, start / end of year | $706.2M / $765.2M |
| Active participants, start / end of year | 1,608 / 1,607 |
| Participants with account balances | 3,480 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015222050NAL0003051331001, received 2025-10-15, EIN 04-2103545, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.