Plan Snapshot
- Plan Sponsor: The Broad Institute
- Sponsor EIN: 263428781
- Sponsor Address: 415 MAIN STREET, CAMBRIDGE, MA, 02142
- Plan Type: 401(k)
- Total Participants: 2,033
- Total Assets: $475.9M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,033 | $475.9M | $17.4M | $23.0M |
| 2023 | 2,196 | $403.7M | $17.3M | $21.9M |
| 2022 | 2,130 | $315.7M | $17.2M | $19.5M |
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 |
|---|---|---|---|---|
| AAFCPAS, INC | 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 |
|---|---|---|---|---|---|
| 2024 | $291,422 | $111,185 | $600 | — | — |
| 2023 | $199,646 | $16,255 | $600 | — | — |
| 2022 | $269,610 | — | — | — | — |