Plan Snapshot
- Plan Sponsor: Western New England University
- Sponsor EIN: 042108376
- Sponsor Address: 1215 WILBRAHAM ROAD, SPRINGFIELD, MA, 01119
- Plan Type: 403(b)
- Total Participants: 865
- Total Assets: $287.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 865 | $287.5M | $2.3M | $4.5M |
| 2023 | 871 | $266.6M | $1.6M | $4.2M |
| 2022 | 858 | $244.2M | $870,270 | $4.0M |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $161,864 | — | $161,864 | — | — |
| 2023 | $133,964 | — | $133,964 | — | — |
| 2022 | $123,401 | — | $123,401 | — | — |