Plan Snapshot
- Plan Sponsor: The Fessenden School
- Sponsor EIN: 042103574
- Sponsor Address: 250 WALTHAM STREET, WEST NEWTON, MA, 02465
- Plan Type: 403(b)
- Plan Number: 002
- Total Participants: 334
- Total Assets: $56.6M
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 | 334 | $56.6M | $1.3M | $1.4M |
| 2023 | 347 | $49.9M | $1.2M | $1.4M |
| 2022 | 292 | $42.8M | $1.2M | $1.3M |
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 |
|---|---|---|---|---|
| USI CONSULTING GROUP | Other Service Provider | $13,719 | — | $13,719 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,719
- Estimated Expense Ratio: 0.024% 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 | $13,719 | $1,636 | — | — | — |
| 2023 | $12,826 | — | — | $5,512 | — |
| 2022 | $22,008 | — | — | — | $22,008 |