Plan Snapshot
- Plan Sponsor: Commonwealth Of Massachusetts Office Of The Treasurer & Receiver Gener
- Sponsor EIN: 046002284
- Sponsor Address: ONE ASHBURTON PLACE, 12TH FLOOR, BOSTON, MA, 02108
- Plan Type: 401(k)
- Total Participants: 2,432
- Total Assets: $44.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 2,432 | $44.7M | $3.3M | $7.8M |
| 2023 | 1,931 | $31.0M | $2.6M | $6.2M |
| 2022 | 1,424 | $18.9M | $1.9M | $4.5M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $51,972 | — | $51,972 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $33,148 | — | $33,148 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,120
- Estimated Expense Ratio: 0.190% 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 | $85,120 | $33,148 | — | — | — |
| 2023 | $56,979 | $20,924 | — | — | — |
| 2022 | $39,705 | $13,586 | $26,119 | — | — |