Plan Snapshot
- Plan Sponsor: Milford Regional Medical Center
- Sponsor EIN: 042103602
- Sponsor Address: 14 PROSPECT STREET, MILFORD, MA, 01757
- Plan Type: 403(b)
- Total Participants: 2,427
- Total Assets: $255.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- 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 | 2,427 | $255.6M | $4.1M | $13.5M |
| 2023 | 2,439 | $233.5M | $3.8M | $12.8M |
| 2022 | 2,385 | $203.8M | $2.7M | $11.5M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $157,113 | — | $157,113 |
| GLOBAL RETIREMENT PARTNERS | INVESTMENT ADVISOR | $56,250 | — | $56,250 |
| CARON & BLETZER, PLLC | AUDITOR | $21,500 | — | $21,500 |
| WELLTH ADVISORY SERVICES, LLC | INVESTMENT ADVISOR | $18,750 | — | $18,750 |
| FIDUCIENT INVESTMENT ADVISORS | INVESTMENT ADVISOR | $8,750 | — | $8,750 |
| PARKER, BROWN, MACAULAY & SHEERIN, | LEGAL | $7,358 | — | $7,358 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
- GLOBAL RETIREMENT PARTNERS — INVESTMENT ADVISOR
- CARON & BLETZER, PLLC — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $269,721
- Estimated Expense Ratio: 0.106% 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 | $270,077 | — | — | $21,500 | — |
| 2023 | $110,816 | $57,612 | — | $18,800 | — |
| 2022 | $397,273 | $52,000 | — | — | $55,318 |