Plan Snapshot
- Plan Sponsor: Tufts Medicine, INC.
- Sponsor EIN: 472250732
- Sponsor Address: 800 DISTRICT AVE, STE 520, BURLINGTON, MA, 01803
- Plan Type: 401(k)
- Total Participants: 11,129
- Total Assets: $991.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 11,129 | $991.9M | $16.3M | $57.9M |
| 2023 | 11,553 | $861.7M | $5.6M | $18.6M |
| 2022 | 1,178 | $58.8M | $1.3M | $4.9M |
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 |
|---|---|---|---|---|
| FID INV INST OPS | RECORDKEEPER | $381,673 | — | $381,673 |
| STRATEGIC ADVISORS, INC. | INVESTMENT ADVISOR | $95,309 | — | $95,309 |
| WILLIS TOWERS WATSON US LLC | CONSULTANT | $80,663 | — | $80,663 |
| SAGEVIEW ADVISORY GROUP, LLC | INVESTMENT ADVISOR | $79,710 | — | $79,710 |
| CBIZ CPA'S P.C. | AUDITOR | $56,910 | — | $56,910 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FID INV INST OPS — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — INVESTMENT ADVISOR
- WILLIS TOWERS WATSON US LLC — CONSULTANT
- SAGEVIEW ADVISORY GROUP, LLC — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $694,265
- Estimated Expense Ratio: 0.070% 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 | $694,146 | $109,407 | — | $137,573 | — |
| 2023 | $182,774 | $18,573 | — | $25,631 | — |
| 2022 | $5,242 | — | — | — | — |