Plan Snapshot
- Plan Sponsor: Boston Mutual Life Insurance Co.
- Sponsor EIN: 041106240
- Sponsor Address: 120 ROYALL ST, CANTON, MA, 02021
- Plan Type: 401(k)
- Total Participants: 399
- Total Assets: $102.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 399 | $102.0M | $3.6M | $3.5M |
| 2023 | 331 | $85.7M | $3.2M | $3.1M |
| 2022 | 321 | $71.6M | $2.7M | $2.7M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $22,204 | — | $22,204 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $9,736 | — | $9,736 |
| ERNST & YOUNG | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- ERNST & YOUNG — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,940
- Estimated Expense Ratio: 0.031% 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 | $31,773 | $22,204 | — | — | — |
| 2023 | $26,323 | $18,035 | — | — | — |
| 2022 | $23,893 | $16,706 | — | — | — |