Plan Snapshot
- Plan Sponsor: Cushing Academy
- Sponsor EIN: 042104048
- Sponsor Address: 39 SCHOOL STREET, PO BOX 8000, ASHBURNHAM, MA, 01430
- Plan Type: 403(b)
- Total Participants: 172
- Total Assets: $53.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 172 | $53.7M | $759,010 | $719,823 |
| 2023 | 169 | $51.0M | $690,552 | $643,928 |
| 2022 | 201 | $45.4M | $644,530 | $572,185 |
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 |
|---|---|---|---|---|
| CAMBRIDGE INVESTMENT RESEARCH | BROKER DEALER OF ADVISOR | $33,870 | — | $33,870 |
| TIAA | RECORD KEEPER | $30,542 | — | $30,542 |
| GRAY GRAY GRAY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — RECORD KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,412
- Estimated Expense Ratio: 0.120% 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 | $63,837 | $33,870 | $29,967 | — | — |
| 2023 | $55,207 | $30,196 | $25,011 | — | — |
| 2022 | $56,828 | — | $56,828 | — | — |