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: 546
- Total Participants: 1,675
- Total Assets: $248,852
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 | 1,675 | $248,852 | $3.4M | $320,828 |
| 2023 | 1,777 | $266,780 | $3.5M | $338,654 |
| 2022 | 1,798 | $284,761 | $3.2M | $347,349 |
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 | $32,912 | — | $32,912 |
| WAGEWORKS, INC. | Other Service Provider | $17,425 | — | $17,425 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,337
- Estimated Expense Ratio: 20.228% 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 | $51,099 | $18,187 | $32,912 | — | — |
| 2023 | $43,031 | $547 | $42,484 | — | — |
| 2022 | $44,990 | $873 | $44,117 | — | — |