Plan Snapshot
- Plan Sponsor: Springfield College
- Sponsor EIN: 042104329
- Sponsor Address: 263 ALDEN STREET, SPRINGFIELD, MA, 011093797
- Plan Type: 403(b)
- Total Participants: 540
- Total Assets: $245.8M
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 | 540 | $245.8M | $2.7M | $2.8M |
| 2023 | 1,093 | $232.6M | $3.1M | $2.8M |
| 2022 | 1,102 | $212.9M | $3.0M | $2.7M |
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 |
|---|---|---|---|---|
| COHNREZNICK LLP | Auditor | $10,000 | — | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,000
- Estimated Expense Ratio: 0.004% 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 | $67,220 | $49,517 | — | $10,000 | — |
| 2023 | $70,639 | $47,789 | $11,250 | $10,000 | — |
| 2022 | $40,898 | $18,448 | $1,175 | — | $21,275 |