Plan Snapshot
- Plan Sponsor: Greater Springfield Senior Services
- Sponsor EIN: 042510895
- Sponsor Address: 66 INDUSTRY AVE, SPRINGFIELD, MA, 011043243
- Plan Type: 403(b)
- Total Participants: 271
- Total Assets: $12.9M
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. |
|---|---|---|---|---|
| 2025 | 271 | $12.9M | $0 | $0 |
| 2024 | 225 | $11.7M | $531,930 | $605,846 |
| 2023 | 218 | $10.5M | $474,251 | $519,628 |
| 2022 | 209 | $9.3M | $438,489 | $531,415 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $44,935 | — | $44,935 |
| COMMONWEALTH FINANCIAL NETWORK | INVESTMENT ADVISORY | — | $16,505 | $16,505 |
| CARON & BLETZER, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — INVESTMENT ADVISORY
- CARON & BLETZER, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,440
- Estimated Expense Ratio: 0.475% 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 |
|---|---|---|---|---|---|
| 2025 | $44,935 | — | $44,935 | — | — |
| 2024 | $41,327 | — | $41,327 | — | — |
| 2023 | $37,317 | — | $37,317 | — | — |
| 2022 | $36,064 | — | $36,064 | — | — |