Plan Snapshot
- Plan Sponsor: The Manufacturers Investment Corporation
- Sponsor EIN: 383261832
- Sponsor Address: GLOBAL PENSIONS B-03-22, BOSTON, MA, 02116
- Plan Type: DB
- Total Participants: 4,993
- Total Assets: $1.9B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,993 | $1.9B | $0 | $0 |
| 2023 | 5,193 | $2.0B | $0 | $0 |
| 2022 | 5,302 | $2.0B | $0 | $0 |
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 |
|---|---|---|---|---|
| ALIGHT SOLUTIONS LLC | ADMINISTRATOR/CONSULTANT | $1,480,682 | $2,440 | $1,483,122 |
| STATE STREET BANK | CUSTODY/ADMIN/SEP. ACCNT | $519,458 | — | $519,458 |
| ERNST & YOUNG LLP | AUDITOR | $99,168 | — | $99,168 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — ADMINISTRATOR/CONSULTANT
- ERNST & YOUNG LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,101,748
- Estimated Expense Ratio: 0.111% 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 | $5,665,459 | $519,458 | — | $99,168 | — |
| 2023 | $5,056,668 | $125,029 | — | $112,986 | — |
| 2022 | $5,555,401 | $123,667 | — | — | $2,450,052 |