Plan Snapshot
- Plan Sponsor: Mab Community Services INC.
- Sponsor EIN: 042109859
- Sponsor Address: 200 IVY STREET, BROOKLINE, MA, 02446
- Plan Type: 403(b)
- Total Participants: 607
- Total Assets: $5.3M
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 | 607 | $5.3M | $0 | $573,577 |
| 2023 | 570 | $4.5M | $0 | $474,344 |
| 2022 | 556 | $3.9M | $0 | $360,528 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISOR | $17,619 | — | $17,619 |
| RPW SOLUTIONS LLC | CONTRACT ADMIN | $8,810 | — | $8,810 |
| EMPOWER ANNUITY INS CO OF AMERICA | RECORDKEEPER | $7,430 | — | $7,430 |
| AAFCPAS, INC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,859
- Estimated Expense Ratio: 0.642% 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 | $37,048 | $20,808 | $8,810 | — | — |
| 2023 | $31,067 | — | — | — | — |
| 2022 | $30,305 | — | — | — | — |