Plan Snapshot
- Plan Sponsor: Middlesex Savings Bank
- Sponsor EIN: 270402195
- Sponsor Address: 6 MAIN STREET, NATICK, MA, 01760
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 692
- Total Assets: $112.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 692 | $112.8M | $0 | $0 |
| 2024 | 513 | $103.7M | $1.2M | $4.2M |
| 2023 | 503 | $93.5M | $1.2M | $4.2M |
| 2022 | 486 | $81.5M | $1.1M | $3.8M |
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 |
|---|---|---|---|---|
| JOHNSON OCONNOR FERON & CARUCCI LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $10,602,618 | — | $2,580 | — | — |
| 2024 | $1,930 | — | $1,930 | — | — |
| 2023 | $1,920 | — | $1,920 | — | — |
| 2022 | $2,120 | — | $2,120 | — | — |