# Cooperative Banks Employees Retirement Association 401(k) Plan
Source: https://planprovider.pro/companies/cooperative-banks-employees-retirement-association-401k-plan

> Cooperative Banks Employees Retirement Association's 401(k) plan: 2,856 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Cooperative Banks Employees Retirement Association

- **Sponsor EIN:** 046035593

- **Sponsor Address:** 100 RIVER RIDGE DRIVE, STE 102, NORWOOD, MA, 02062

- **Plan Type:** 401(k)

- **Total Participants:** 2,856

- **Total Assets:** $813.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|2,856|$813.5M|$14.8M|$25.6M|

| 2023|3,173|$725.5M|$15.6M|$25.9M|

| 2022|3,187|$657.5M|$15.6M|$23.8M|

## 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|

| WOLF & COMPANY, P.C.|Auditor|$57,604|—|$57,604|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $57,604

- **Estimated Expense Ratio:** 0.007% 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|$1,623,310|$90,000|$505,000|$57,604|—|

| 2023|$1,413,013|$90,000|$420,000|$55,682|—|

| 2022|$1,359,020|$900,967|$390,000|—|$68,053|

## Similar Plans

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