Plan Snapshot
- Plan Sponsor: Babson College
- Sponsor EIN: 042103544
- Sponsor Address: 231 FOREST STREET, BABSON PARK, MA, 02457
- Plan Type: DC
- Total Participants: 1,269
- Total Assets: $477.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,269 | $477.5M | $9.6M | $9.0M |
| 2023 | 1,240 | $446.1M | $10.4M | $8.3M |
| 2022 | 1,166 | $384.1M | $7.7M | $7.7M |
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 |
|---|---|---|---|---|
| FIDELITY INVEST INSTITUTIONAL OPPS | RECORDKEEPER | $107,980 | — | $107,980 |
| CARON & BLETER, PLLC | NONE | $30,565 | — | $30,565 |
| THE ANGELL PENSION GROUP, INC | NONE | $19,012 | — | $19,012 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $18,259 | — | $18,259 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVEST INSTITUTIONAL OPPS — RECORDKEEPER
- CARON & BLETER, PLLC — NONE
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $175,816
- Estimated Expense Ratio: 0.037% 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 | $193,852 | $27,536 | $40,664 | $4,706 | — |
| 2023 | $124,309 | $23,586 | $10,812 | $3,200 | — |
| 2022 | $148,118 | $10,218 | $16,852 | — | — |