Massachusetts Institute Of Technology Basic Retirement Plan — Form 5500 plan (Massachusetts Institute Of Technology)
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 Institute Of Technology Basic Retirement Plan is a benefit plan reported by Massachusetts Institute Of Technology under EIN 04-2103594 and plan number 002. The latest loaded filing year is 2023. The filing reports 28,573 participants and $5,381,626,447 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Massachusetts Institute Of Technology
- EIN
- 04-2103594
- Plan number
- 002
- Plan type
- 2
- Location
- Cambridge, MA
- Latest filing year
- 2023
- Participants
- 28,573
- End-of-year plan assets
- $5,381,626,447
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 28,573 | H, C | 20240723101647NAL0007187171001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $5,381,626,447
- Total liabilities (EOY)
- $112,245,147
- Net assets (EOY)
- $5,269,381,300
- Net assets (BOY)
- $5,224,465,996
Income & contributions
- Total contributions
- $0
- Total income / additions
- $257,057,804
Expenses & distributions
- Benefits paid
- $203,650,503
- Administrative expenses
- $8,491,997
- Total expenses
- $212,142,500
- Net increase / (decrease)
- $44,915,304
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Willis Towers Watson | ACTUARY AND PENSION ADMIN | $2,453,087 | $0 | 2023 |
| State Street Bank And Trust Company | CUSTODIAN | $381,328 | $491,331 | 2023 |
| Wellington Group Holdings Llp | INVESTMENT MANAGER | $822,848 | $0 | 2023 |
| Brinker Capital Investments | INVESTMENT MANAGER | $282,825 | $0 | 2023 |
| Kpmg Llp | TAX PREPARER | $70,134 | $151,588 | 2023 |
| Ernst & Young | TAX PREPARER | $195,093 | $0 | 2023 |
| Hedgeserv Cayman Ltd | OTHER SERVICES | $26,230 | $158,465 | 2023 |
| Northeast Retirement Services | INVESTMENT ACCOUNTING | $0 | $177,775 | 2023 |
| Caso Document Management, Inc. | OTHER SERVICES | $112,764 | $0 | 2023 |
| Pricewaterhousecoopers | AUDITOR | $69,034 | $0 | 2023 |
| K1x, Inc | FINANCIAL SERVICES | $14,045 | $14,639 | 2023 |
| Groom Law | ATTORNEY | $27,294 | $0 | 2023 |
| Curcio Webb | CONSULTING (GENERAL) | $25,113 | $0 | 2023 |
| Jefferies LLC | OTHER INVESTMENT FEES | $0 | $11,582 | 2023 |
| The Bank Of New York Mellon | CUSTODIAN | $11,300 | $0 | 2023 |
| Bsr And Co. Llp | TAX PREPARER | $1,285 | $6,460 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Massachusetts Institute Of Technology
- 2023 Form 5500 filing
- Form 5500 filings in MA
- 401(k) and benefit plan filings in Cambridge, MA
- Willis Towers Watson — Schedule C compensation
- State Street Bank And Trust Company — Schedule C compensation
- Wellington Group Holdings Llp — Schedule C compensation
- Brinker Capital Investments — Schedule C compensation
- Kpmg Llp — Schedule C compensation
- Ernst & Young — Schedule C compensation
- Hedgeserv Cayman Ltd — Schedule C compensation
- Northeast Retirement Services — Schedule C compensation
- Caso Document Management, Inc. — Schedule C compensation
- Pricewaterhousecoopers — Schedule C compensation
- K1x, Inc — Schedule C compensation
- Groom Law — Schedule C compensation
- Curcio Webb — Schedule C compensation
- Jefferies LLC — Schedule C compensation
- The Bank Of New York Mellon — Schedule C compensation
- Bsr And Co. Llp — Schedule C compensation