Plan Snapshot
- Plan Sponsor: Worcester Polytechnic Institute
- Sponsor EIN: 042121659
- Sponsor Address: 100 INSTITUTE ROAD,, WORCESTER, MA, 016092280
- Plan Type: 403(b)
- Total Participants: 1,512
- Total Assets: $687.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- 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 | 1,512 | $687.1M | $11.4M | $12.0M |
| 2023 | 1,393 | $626.7M | $10.9M | $11.4M |
| 2022 | 1,454 | $557.3M | $10.2M | $10.6M |
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 |
|---|---|---|---|---|
| TIAA | NONE | $105,300 | — | $105,300 |
| FIDUCIENT ADVISORS, LLC | NONE | $60,800 | — | $60,800 |
| STRATEGIC ADVISORS, INC. | NONE | $17,134 | — | $17,134 |
| BERRY DUNN MCNEIL & PARKER LLC | NONE | $16,200 | — | $16,200 |
| BDMP ASSURANCE, LLP | Auditor | $16,200 | — | $16,200 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — NONE
- STRATEGIC ADVISORS, INC. — NONE
- BDMP ASSURANCE, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $215,634
- Estimated Expense Ratio: 0.031% 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 | $203,816 | $82,801 | $1,861 | $16,200 | — |
| 2023 | $206,637 | $68,411 | $1,358 | $15,500 | — |
| 2022 | $161,025 | $77,911 | — | — | $28,500 |