Plan Snapshot
- Plan Sponsor: The May Institute, INC.
- Sponsor EIN: 042197449
- Sponsor Address: 41 PACELLA PARK DRIVE, RANDOLPH, MA, 023681755
- Plan Type: 403(b)
- Total Participants: 1,860
- Total Assets: $85.0M
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 | 1,860 | $85.0M | $957,083 | $4.4M |
| 2023 | 1,763 | $74.8M | $913,596 | $3.9M |
| 2022 | 1,744 | $63.9M | $835,613 | $3.8M |
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 |
|---|---|---|---|---|
| CBIZ CPA'S P.C. | 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 | $227,601 | $72,544 | $155,057 | — | — |
| 2023 | $93,347 | $79,311 | $14,036 | — | — |
| 2022 | $97,659 | $74,253 | $23,406 | — | — |