Plan Snapshot
- Plan Sponsor: Umass Memorial Health Care, INC.
- Sponsor EIN: 043358566
- Sponsor Address: WBC 67 MILLBROOK STREET, WORCESTER, MA, 01606
- Plan Type: 401(k)
- Total Participants: 14,248
- Total Assets: $1.4B
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 | 14,248 | $1.4B | $31.4M | $58.8M |
| 2023 | 13,351 | $1.2B | $28.0M | $51.9M |
| 2022 | 12,451 | $1.0B | $25.1M | $47.4M |
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 | $708,364 | — | $708,364 |
| FIDUCIENT ADVISORS | INVESTMENT ADVISOR | $58,872 | — | $58,872 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $46,572 | — | $46,572 |
| COHNREZNICK LLP | ACCOUNTANT AUDITOR | $1,000 | — | $1,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $814,808
- Estimated Expense Ratio: 0.057% 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 | $814,808 | $105,444 | — | $1,000 | — |
| 2023 | $761,295 | $73,664 | — | $21,945 | — |
| 2022 | $763,509 | $48,054 | — | — | $21,893 |