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: 545
- Total Participants: 2,793
- Total Assets: $2.8M
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 | 2,793 | $2.8M | $8.7M | $16,376 |
| 2023 | 2,787 | $4.2M | $11.0M | $16,441 |
| 2022 | 3,538 | $3.0M | $10.1M | $20,160 |
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 |
|---|---|---|---|---|
| ALIGHT (HRA ADMIN) | Other Service Provider | $55,414 | — | $55,414 |
| WAGEWORKS, INC. | Other Service Provider | $7,622 | — | $7,622 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,036
- Estimated Expense Ratio: 2.249% 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 | $63,037 | — | $63,037 | — | — |
| 2023 | $48,574 | — | $48,574 | — | — |
| 2022 | $56,840 | $664 | $56,176 | — | — |