Plan Snapshot
- Plan Sponsor: Massachusetts Restaurant Association
- Sponsor EIN: 041591041
- Sponsor Address: 160 E MAIN STREET, SUITE #2, WESTHBOROUGH, MA, 015811758
- Plan Type: 401(k)
- Total Participants: 2,461
- Total Assets: $10.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,461 | $10.7M | $314,258 | $1.6M |
| 2023 | 3,368 | $11.1M | $274,053 | $1.2M |
| 2022 | 2,521 | $7.5M | $163,573 | $453,752 |
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 |
|---|---|---|---|---|
| BERMAN HOPKINS WRIGHT & LAHMAN CPAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BERMAN HOPKINS WRIGHT & LAHMAN CPAS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $226,836 | — | $226,836 | — | — |
| 2023 | $96,105 | — | — | — | — |
| 2022 | $42,081 | — | — | — | — |