Plan Snapshot
- Plan Sponsor: Cooperative Banks Employees Retirement Association
- Sponsor EIN: 046035593
- Sponsor Address: 100 RIVER RIDGE DRIVE, #102, NORWOOD, MA, 02062
- Plan Type: DB
- Total Participants: 350
- Total Assets: $130.0M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 350 | $130.0M | $1.3M | $0 |
| 2023 | 449 | $298.7M | $7.5M | $0 |
| 2022 | 567 | $286.4M | $8.4M | $0 |
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 | $50,617 | — | $50,617 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,617
- Estimated Expense Ratio: 0.039% 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 | $2,211,496 | $711,264 | $674,506 | $50,617 | — |
| 2023 | $2,621,933 | $1,046,171 | $602,652 | $49,049 | — |
| 2022 | $2,340,317 | $956,793 | $691,672 | — | $207,991 |