Plan Snapshot
- Plan Sponsor: Medical Professional Mutual Insurance Company
- Sponsor EIN: 042595783
- Sponsor Address: ONE FINANCIAL CENTER, BOSTON, MA, 02111
- Plan Type: 401(k)
- Total Participants: 514
- Total Assets: $186.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 514 | $186.5M | $4.1M | $7.3M |
| 2023 | 575 | $179.5M | $6.0M | $7.1M |
| 2022 | 559 | $149.5M | $4.0M | $6.5M |
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 |
|---|---|---|---|---|
| CAPFINANCIAL PARTNERS LLC | ADVISOR | $143,920 | — | $143,920 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $72,380 | — | $72,380 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $33,678 | — | $33,678 |
| PLANTE & MORAN, PLLC | ACCOUNTANT/AUDITOR | $24,000 | — | $24,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- PLANTE & MORAN, PLLC — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $273,978
- Estimated Expense Ratio: 0.147% 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 | $273,979 | $177,599 | — | $24,000 | — |
| 2023 | $261,899 | $164,875 | — | $20,700 | — |
| 2022 | $259,589 | $34,510 | — | — | — |