Plan Snapshot
- Plan Sponsor: Wellesley College
- Sponsor EIN: 042103637
- Sponsor Address: 106 CENTRAL STREET, WELLESLEY, MA, 02481
- Plan Type: 403(b)
- Total Participants: 1,326
- Total Assets: $787.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,326 | $787.3M | $9.6M | $10.8M |
| 2023 | 1,294 | $721.9M | $9.0M | $10.1M |
| 2022 | 1,279 | $639.8M | $9.2M | $9.4M |
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 |
|---|---|---|---|---|
| FIDUCIENT ADVISORS, LLC | NONE | $50,139 | — | $50,139 |
| HARVARD SQUARE FINANCIAL PLANNING | NONE | $22,000 | — | $22,000 |
| THE ANGELL PENSION GROUP, INC | THIRD PARTY ADMINISTRATO | $13,409 | — | $13,409 |
| HARRY K. FRIEDMAN | NONE | $8,309 | — | $8,309 |
| MP, P.C. | NONE | $7,250 | — | $7,250 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $101,107
- Estimated Expense Ratio: 0.013% 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 | $340,721 | — | $338,295 | — | — |
| 2023 | $318,967 | — | $316,397 | — | — |
| 2022 | $304,468 | — | $301,814 | — | — |