Plan Snapshot
- Plan Sponsor: Matter Communications, INC.
- Sponsor EIN: 562337891
- Sponsor Address: 50 WATER ST STE 3, NEWBURYPORT, MA, 019502889
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 206
- Total Assets: $11.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2025 | 206 | $11.0M | $0 | $0 |
| 2024 | 140 | $10.5M | $465,495 | $986,627 |
| 2023 | 165 | $9.4M | $509,594 | $1.0M |
| 2022 | 177 | $7.6M | $426,523 | $870,637 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $51,214 | — | $51,214 |
| NORTHWESTERN MUTUAL WEALTH MGMT | Investment Advisor | — | $20,879 | $20,879 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,093
- Estimated Expense Ratio: 0.655% 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 |
|---|---|---|---|---|---|
| 2025 | $2,528,353 | — | $51,214 | — | — |
| 2024 | $58,880 | — | $58,880 | — | — |
| 2023 | $53,080 | — | $53,080 | — | — |
| 2022 | $45,204 | — | $45,204 | — | — |