# Massachusetts Institute Of Technology 401(k) Plan
Source: https://planprovider.pro/companies/massachusetts-institute-of-technology-401k-plan

> Massachusetts Institute Of Technology's 401(k) plan: 15,125 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Massachusetts Institute Of Technology

- **Sponsor EIN:** 042103594

- **Sponsor Address:** 77 MASSACHUSETTS AVENUE NE49 3142, CAMBRIDGE, MA, 02139

- **Plan Type:** 401(k)

- **Total Participants:** 15,125

- **Total Assets:** $7.7B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **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|15,125|$7.7B|$86.1M|$168.3M|

| 2023|14,762|$6.8B|$80.0M|$156.1M|

| 2022|14,094|$5.8B|$73.3M|$141.6M|

## 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|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$194,957|—|$194,957|

| PRICEWATERHOUSECOOPERS LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [PRICEWATERHOUSECOOPERS LLP](https://planprovider.pro/provider/pricewaterhousecoopers-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $194,957

- **Estimated Expense Ratio:** 0.003% 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|$801,144|$764,094|—|—|—|

| 2023|$771,468|$738,006|—|—|—|

| 2022|$737,788|$496,431|—|—|—|

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