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 |
|---|---|---|---|---|
| COOP. BANKS EMPLOYEES RET ASSN. | Recordkeeper | $674,506 | — | $674,506 |
| AGILIS PARTNERS LLC | Actuary | $418,440 | — | $418,440 |
| NEPC, LLC | Investment Advisor | $123,534 | — | $123,534 |
| BLACKROCK INSTITUTIONAL TRUST CO. | Investment Advisor | $123,422 | — | $123,422 |
| THE BANK OF NEW YORK MELLON | Custodian / Trustee | $111,643 | — | $111,643 |
| HARDMAN JOHNSTON GLOBAL ADVISORS | Investment Advisor | $82,480 | — | $82,480 |
| SELECT EQUITY GROUP, L.P. | Investment Advisor | $76,212 | — | $76,212 |
| MONDRIAN INVESTMENT GROUP | Investment Advisor | $68,288 | — | $68,288 |
| ACADIAN ASSET MANAGEMENT LLC | Investment Advisor | $63,911 | — | $63,911 |
| LEGAL & GENERAL INVEST MGMT AMERICA | Investment Advisor | $54,908 | — | $54,908 |
| WOLF & COMPANY, P.C. | Auditor | $50,617 | — | $50,617 |
| INCOME RESEARCH & MANAGEMENT | Investment Advisor | $42,850 | — | $42,850 |
| COPELAND CAPITAL MANAGEMENT, LLC | Investment Advisor | $41,850 | — | $41,850 |
| FIDELITY INSTITUTIONAL ASSET | Investment Advisor | $33,810 | — | $33,810 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NEPC, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,966,471
- Estimated Expense Ratio: 1.512% 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 |