Plan Snapshot
- Plan Sponsor: Governor Dummer Academy Dba The Governor'S Academy
- Sponsor EIN: 042103564
- Sponsor Address: ONE ELM STREET, BYFIELD, MA, 01922
- Plan Type: 401(k)
- Total Participants: 181
- Total Assets: $65.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- 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 | 181 | $65.6M | $1.3M | $1.2M |
| 2023 | 178 | $58.1M | $1.2M | $1.2M |
| 2022 | 193 | $48.7M | $1.1M | $1.1M |
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 |
|---|---|---|---|---|
| SENTINEL PENSION ADVISORS | NONE | $36,220 | — | $36,220 |
| TIAA-TEACHERS INSURANCE AND ANNUITY | NONE | $28,590 | — | $28,590 |
| CITRIN COOPERMAN & CO., LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SENTINEL PENSION ADVISORS — NONE
- TIAA-TEACHERS INSURANCE AND ANNUITY — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,810
- Estimated Expense Ratio: 0.099% 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 | $64,286 | — | — | — | — |
| 2023 | $59,144 | — | $59,144 | — | — |
| 2022 | $53,823 | — | $53,823 | — | — |