# Massachusetts Institute Of Technology DB Plan
Source: https://planprovider.pro/companies/massachusetts-institute-of-technology-plan-002

> Massachusetts Institute Of Technology's DB plan: 13,100 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, CAMBRIDGE, MA, 02139

- **Plan Type:** DB

- **Total Participants:** 13,100

- **Total Assets:** $5.9B

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|13,100|$5.9B|$0|$0|

| 2023|12,533|$5.4B|$0|$0|

| 2022|11,888|$5.3B|$0|$0|

## 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|

| WILLIS TOWERS WATSON|ACTUARY AND PENSION ADMIN|$2,423,493|—|$2,423,493|

| STATE STREET BANK AND TRUST COMPANY|CUSTODIAN|$646,806|—|$646,806|

| KPMG LLP|TAX PREPARER|$431,752|—|$431,752|

| HEDGESERVE CAYMAN LTD|INVESTMENT ACCOUNTING|$408,109|—|$408,109|

| NORTHEAST RETIREMENT SERVICES|INVESTMENT ACCOUNTING|$89,592|—|$89,592|

| PRICEWATERHOUSECOOPERS|AUDITOR|$69,160|—|$69,160|

| GROOM LAW|ATTORNEY|$35,662|—|$35,662|

| K1X|FINANCIAL SERVICES|$31,523|—|$31,523|

| THE BANK OF NEW YORK MELLON|CUSTODIAN|$20,983|—|$20,983|

| CURCIO WEBB|CONSULTING (GENERAL)|$16,910|—|$16,910|

### Verified Provider Profiles

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

- [KPMG LLP](https://planprovider.pro/provider/kpmg-llp) — TAX PREPARER

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

- [GROOM LAW](https://planprovider.pro/provider/groom-law-group) — ATTORNEY

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $4,173,990

- **Estimated Expense Ratio:** 0.071% 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|$34,473,782|$12,533,490|$1,986,416|$69,160|—|

| 2023|$8,491,997|$1,468,142|$1,869,277|$69,034|—|

| 2022|$7,844,431|$2,262,090|$1,888,782|—|$860,566|

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