Plan Snapshot
- Plan Sponsor: Tufts Medicine, INC.
- Sponsor EIN: 042103587
- Sponsor Address: 170 GOVERNORS AVENUE, MEDFORD, MA, 021551643
- Plan Type: 401(k)
- Total Participants: 1,315
- Total Assets: $178.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,315 | $178.7M | $0 | $0 |
| 2023 | 1,444 | $171.2M | $0 | $0 |
| 2022 | 1,596 | $158.2M | $0 | $0 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $49,516 | — | $49,516 |
| WILLIS TOWERS WATSON US LLC | CONSULTANT | $31,268 | — | $31,268 |
| SAGEVIEW ADVISORY GROUP LLC | INVESTMENT ADVISOR | $23,073 | — | $23,073 |
| CBIZ CPAS P.C. | ACCOUNTANT/AUDITOR | $21,790 | — | $21,790 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $12,982 | — | $12,982 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- WILLIS TOWERS WATSON US LLC — CONSULTANT
- SAGEVIEW ADVISORY GROUP LLC — INVESTMENT ADVISOR
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $138,629
- Estimated Expense Ratio: 0.078% 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 | $138,608 | $14,279 | — | $53,058 | — |
| 2023 | $93,747 | $19,053 | — | $29,958 | — |
| 2022 | $100,456 | $23,740 | — | — | — |