Plan Snapshot
- Plan Sponsor: Massachusetts Mutual Life Insurance Company
- Sponsor EIN: 041590850
- Sponsor Address: 1295 STATE STREET, F105, SPRINGFIELD, MA, 011110001
- Plan Type: Health & Welfare
- Plan Number: 506
- Total Participants: 5,463
- Total Assets: $1.1M
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 | 5,463 | $1.1M | $57.2M | $28.4M |
| 2023 | 5,885 | $9.0M | $57.4M | $27.4M |
| 2022 | 6,673 | $9.5M | $63.9M | $29.1M |
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 | $4,283,213 | — | $4,283,213 |
| EXPRESS SCRIPTS | Other Service Provider | $487,738 | — | $487,738 |
| CONSUMER MEDICAL | Other Service Provider | $203,055 | — | $203,055 |
| EVERNORTH BEHAVIORAL HEALTH INC | Recordkeeper | $103,077 | — | $103,077 |
| WAGEWORKS, INC. | Other Service Provider | $28,792 | — | $28,792 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,105,875
- Estimated Expense Ratio: 480.993% 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 | $5,132,881 | — | $5,132,881 | — | — |
| 2023 | $5,881,317 | — | $5,881,317 | — | — |
| 2022 | $2,394,605 | $2,394,605 | — | — | — |