# Merrimack College 403(b) Plan
Source: https://planprovider.pro/companies/merrimack-college-403b-plan

> Merrimack College's 403(b) plan: 1,171 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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