# The Savings Bank Mutual Life Insurance Company Of Massachusetts 401(k) Plan
Source: https://planprovider.pro/companies/the-savings-bank-mutual-life-insurance-company-of-massachusetts-401k-plan

> The Savings Bank Mutual Life Insurance Company Of Massachusetts's 401(k) plan: 207 participants, plan year 2024 financials, providers, and benchmarks from Fo…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Savings Bank Mutual Life Insurance Company Of Massachusetts

- **Sponsor EIN:** 043117253

- **Sponsor Address:** ONE LINSCOTT ROAD, WOBURN, MA, 01801

- **Plan Type:** 401(k)

- **Total Participants:** 207

- **Total Assets:** $91.9M

## 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|207|$91.9M|$1.5M|$2.4M|

| 2023|186|$83.4M|$1.5M|$2.4M|

| 2022|198|$67.7M|$1.4M|$2.1M|

## 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|

| THE VANGUARD GROUP, INC.|NONE|$21,074|—|$21,074|

| BAKER NEWMAN & NOYES LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [THE VANGUARD GROUP, INC.](https://planprovider.pro/provider/the-vanguard-group-inc) — NONE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $21,074

- **Estimated Expense Ratio:** 0.023% 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|$18,774|—|—|—|—|

| 2023|$19,075|—|—|—|—|

| 2022|$17,674|—|—|—|—|

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