Plan Snapshot
- Plan Sponsor: Umass Memorial Health Care, INC.
- Sponsor EIN: 043358566
- Sponsor Address: WBC- 67 MILLBROOK STREET, WORCESTER, MA, 01606
- Plan Type: 403(b)
- Total Participants: 5,561
- Total Assets: $649.7M
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 | 5,561 | $649.7M | $1.7M | $38.5M |
| 2023 | 4,397 | $584.7M | $3.0M | $36.4M |
| 2022 | 4,095 | $491.2M | $725,882 | $30.6M |
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 INV INST OPERATIONS CO | RECORD KEEPER | $157,504 | — | $157,504 |
| FIDUCIENT ADVISORS | INVESTMENT ADVISOR | $29,013 | — | $29,013 |
| STRATEGIC ADVISORS | NONE | $26,093 | — | $26,093 |
| COHNREZNICK LLP | ACCOUNTANT/AUDITOR | $11,445 | — | $11,445 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INV INST OPERATIONS CO — RECORD KEEPER
- STRATEGIC ADVISORS — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $224,055
- Estimated Expense Ratio: 0.034% 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 | $223,605 | $55,106 | — | $11,445 | — |
| 2023 | $276,939 | $59,303 | — | $37,050 | — |
| 2022 | $131,359 | $25,009 | — | — | $21,735 |