Plan Snapshot
- Plan Sponsor: Umass Memorial Health
- Sponsor EIN: 042626179
- Sponsor Address: 72 JAQUES AVENUE, WORCESTER, MA, 01610
- Plan Type: 401(k)
- Total Participants: 838
- Total Assets: $23.2M
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 | 838 | $23.2M | $553,464 | $1.3M |
| 2023 | 745 | $22.2M | $534,394 | $1.0M |
| 2022 | 885 | $19.7M | $516,815 | $1.1M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $35,541 | — | $35,541 |
| COHNREZNICK LLP | ACCOUNTANT/AUDITOR | $21,485 | — | $21,485 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,026
- Estimated Expense Ratio: 0.246% 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 | $61,538 | $4,512 | — | $21,485 | — |
| 2023 | $36,715 | $373 | — | — | — |
| 2022 | $45,139 | — | — | — | — |