Plan Snapshot
- Plan Sponsor: Montachusett Regional Transit Authority
- Sponsor EIN: 042677160
- Sponsor Address: 1427 R WATER ST., FITCHBURG, MA, 01420
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 163
- Total Assets: $5.5M
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 | 163 | $5.5M | $0 | $0 |
| 2024 | 142 | $4.7M | $664,953 | $246,537 |
| 2023 | 115 | $3.9M | $581,222 | $205,954 |
| 2022 | 106 | $3.1M | $529,656 | $161,538 |
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 |
|---|---|---|---|---|
| STOWE & DEGON | Recordkeeper | $13,050 | — | $13,050 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $6,134 | — | $6,134 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,184
- Estimated Expense Ratio: 0.347% 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 |
|---|---|---|---|---|---|
| 2025 | $1,047,559 | $1,721 | — | $13,050 | — |
| 2024 | $2,637 | $1,532 | — | — | — |
| 2023 | $2,348 | $1,223 | — | — | — |
| 2022 | $3,299 | $369 | — | — | — |