Beth Israel Lahey Health 401(k) match, vesting and fees
What Beth Israel Lahey Health's 401(k) plan says about matching contributions
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Match vesting | Participants’ contributions are fully vested immediately. Employees only receive the 401(k) employer matching contribution, core contribution, and discretionary contributions after completing one year of service and are fully vested in such contributions once received. | Audit report, p. 124 ↗ |
| Roth contributions | The Plan allows for Roth contributions. | Audit report, p. 123 ↗ |
| Loans | Participants may borrow an amount up to 50% of their vested account balance, with a minimum requirement of $1,000, and not to exceed $50,000. | Audit report, p. 124 ↗ |
| Recordkeeper | Fid Inv Instl Ops Co | Schedule C ↗ |
| Independent auditor | Bdo USA, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 244 defined-contribution plans in health care and social assistance with 10,000 to 49,999 participants.
| Beth Israel Lahey Health: employer contribution per participant | $2,338 | |
| Peer median | $2,155 |
| Beth Israel Lahey Health: average balance | $100,274 | |
| Peer median | $66,935 |
| Beth Israel Lahey Health: admin expenses ÷ assets | 0.10% | |
| Peer median | 0.08% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1.4B at the end of plan year 2023 to $1.6B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 20,359 | $1.6B | $37.3M | $2,338 | 0.10% | Not published | Form 5500 ↗ |
| 2023 | 19,609 | $1.4B | $37M | $2,565 | 0.10% | Not published | Form 5500 ↗ |
Other Beth Israel Lahey Health plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Beth Israel Lahey 403(b) Retirement Savings Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fid Inv Instl Ops Co | Schedule C ↗ |
| Independent auditor | Bdo USA, P.C. (disclaimer opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
Common questions
Does Beth Israel Lahey Health match 401(k) contributions?
The match terms for the Beth Israel Lahey Health 401(k) Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $37.3M in employer contributions, about $2,338 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Beth Israel Lahey Health 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 124 says: “Participants’ contributions are fully vested immediately. Employees only receive the 401(k) employer matching contribution, core contribution, and discretionary contributions after completing one year of service and are fully vested in such contributions once received.”
Who manages the Beth Israel Lahey Health 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fid Inv Instl Ops Co. The plan administrator is Beth Israel Lahey Health, Inc. Retirement Plans Committee.
I left Beth Israel Lahey Health. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Beth Israel Lahey Health, Inc. Retirement Plans Committee, (617) 278-8800) or the recordkeeper, Fid Inv Instl Ops Co. The Beth Israel Lahey Health old 401(k) page lists the contacts from every plan filing. Find an old Beth Israel Lahey Health 401(k)
Data from the public Form 5500 annual reports Beth Israel Lahey Health filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Beth Israel Lahey Health. Not financial advice. Report a correction · Methodology