Plan Snapshot
- Plan Sponsor: Merrimack College
- Sponsor EIN: 042103731
- Sponsor Address: 315 TURNPIKE STREET, NORTH ANDOVER, MA, 01845
- Plan Type: 403(b)
- Total Participants: 1,171
- Total Assets: $184.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 1,171 | $184.6M | $4.1M | $4.5M |
| 2023 | 647 | $165.2M | $3.5M | $3.9M |
| 2022 | 1,058 | $150.1M | $3.1M | $3.4M |
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 |
|---|---|---|---|---|
| SAGEVIEW ADVISORY GROUP | ADVISOR | $50,000 | — | $50,000 |
| CBIZ CPAS P.C. | AUDITOR | $29,850 | — | $29,850 |
| THE ANGELL PENSION GROUP, INC. | THIRD PARTY ADMIN | $18,712 | — | $18,712 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SAGEVIEW ADVISORY GROUP — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,562
- Estimated Expense Ratio: 0.053% 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 | $99,039 | — | $99,039 | — | — |
| 2023 | $54,208 | $37,500 | $8,583 | $8,125 | — |
| 2022 | $79,260 | — | $79,260 | — | — |