# Massachusetts Mutual Life Insurance Company Health & Welfare Plan
Source: https://planprovider.pro/companies/massachusetts-mutual-life-insurance-company-041590850-506

> Massachusetts Mutual Life Insurance Company's Health & Welfare plan: 5,463 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|

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