Massachusetts Teacher Association 401(K) Savings Plan — Form 5500 plan (Massachusetts Teachers Association)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Massachusetts Teacher Association 401(K) Savings Plan is a benefit plan reported by Massachusetts Teachers Association under EIN 04-1591200 and plan number 002. The latest loaded filing year is 2023. The filing reports 167 participants and $18,450,332 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$18.5MPlan net assets, end of year$18,450,332
Participants167Covered participants reported
Assets / participant$110.5KComputed: assets ÷ participants$110,481 (computed)
Provider compensation$7.5K2 Schedule C provider row(s)$7,535
- Plan sponsor
- Massachusetts Teachers Association
- EIN
- 04-1591200
- Plan number
- 002
- Plan type
- 2
- Location
- Quincy, MA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 167 | H, C | 20240801131834NAL0015211779001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$18.5M total assets
Net assets$18.5MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $18,450,332
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $18,450,332
- Net assets (BOY)
- $15,413,551
Income & contributions
- Employer contributions
- $0
- Participant contributions
- $1,459,649
- Total contributions
- $1,504,120
- Total income / additions
- $4,455,749
Expenses & distributions
- Benefits paid
- $1,385,273
- Administrative expenses
- $7,535
- Total expenses
- $1,418,968
- Net increase / (decrease)
- $3,036,781
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
100%
Employer 0%Participant 100%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income31%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Strategic Advisors, Inc. | ADVISOR | $5,216 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $2,319 | $0 | 2023 |