Plan Snapshot
- Plan Sponsor: Shawmut Group INC.
- Sponsor EIN: 813645861
- Sponsor Address: 560 HARRISON AVENUE, BOSTON, MA, 02118
- Plan Type: 401(k)
- Total Participants: 971
- Total Assets: $188.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 971 | $188.1M | $3.5M | $10.4M |
| 2023 | 867 | $158.8M | $3.0M | $8.9M |
| 2022 | 820 | $135.7M | $2.8M | $8.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $289,181 | — | $289,181 |
| MORGAN STANLEY GLOBAL BANKING OPERA | INVESTMENT ADVISORY | — | $75,000 | $75,000 |
| CROWE LLP | ACCOUNTANT | — | $20,000 | $20,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY GLOBAL BANKING OPERA — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $384,181
- Estimated Expense Ratio: 0.204% 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 | $289,181 | — | $289,181 | — | — |
| 2023 | $281,511 | — | $281,511 | — | — |
| 2022 | $257,157 | — | $257,157 | — | — |