Plan Snapshot
- Plan Sponsor: Massachusetts Mutual Life Insurance Company
- Sponsor EIN: 041590850
- Sponsor Address: 1295 STATE STREET, F105, SPRINGFIELD, MA, 011110001
- Plan Type: 401(k)
- Plan Number: 503
- Total Participants: 7,352
- Total Assets: $1.6M
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 | 7,352 | $1.6M | $106.1M | $29.4M |
| 2023 | 7,581 | $5.9M | $94.2M | $26.8M |
| 2022 | 7,877 | $9.2M | $97.8M | $24.7M |
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 |
|---|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE CO. | Recordkeeper | $6,034,561 | — | $6,034,561 |
| EXPRESS SCRIPTS, INC | Recordkeeper | $1,116,651 | — | $1,116,651 |
| CONSUMER MEDICAL | Recordkeeper | $492,648 | — | $492,648 |
| LINCOLN NATIONAL LIFE INSURANCE COM | Recordkeeper | $304,950 | — | $304,950 |
| WAGEWORKS, INC. | Recordkeeper | $43,740 | — | $43,740 |
| EVERNORTH BEHAVIORAL HEALTH INC | Recordkeeper | $12,231 | — | $12,231 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL LIFE INSURANCE COM — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,004,781
- Estimated Expense Ratio: 494.899% 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 | $7,689,421 | — | — | — | — |
| 2023 | $7,322,477 | — | $7,322,477 | — | — |
| 2022 | $4,666,113 | — | $4,666,113 | — | — |