2023 Form 5500 filing — Massachusetts Institute Of Technology Basic Retirement Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240723101647NAL0007187171001) for Massachusetts Institute Of Technology Basic Retirement Plan, reported by Massachusetts Institute Of Technology under EIN 04-2103594 and plan number 002. It reports 28,573 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240723101647NAL0007187171001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Massachusetts Institute Of Technology
- EIN
- 04-2103594
- Plan number
- 002
- Location
- Cambridge, MA
- Participants
- 28,573
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $5,381,626,447
- Total liabilities (EOY)
- $112,245,147
- Net assets (EOY)
- $5,269,381,300
- Total income / additions
- $257,057,804
- Benefits paid
- $203,650,503
- Administrative expenses
- $8,491,997
- Total expenses
- $212,142,500
- Net increase / (decrease)
- $44,915,304
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Willis Towers Watson | ACTUARY AND PENSION ADMIN | $2,453,087 | $0 |
| State Street Bank And Trust Company | CUSTODIAN | $381,328 | $491,331 |
| Wellington Group Holdings Llp | INVESTMENT MANAGER | $822,848 | $0 |
| Brinker Capital Investments | INVESTMENT MANAGER | $282,825 | $0 |
| Kpmg Llp | TAX PREPARER | $70,134 | $151,588 |
| Ernst & Young | TAX PREPARER | $195,093 | $0 |
| Hedgeserv Cayman Ltd | OTHER SERVICES | $26,230 | $158,465 |
| Northeast Retirement Services | INVESTMENT ACCOUNTING | $0 | $177,775 |
| Caso Document Management, Inc. | OTHER SERVICES | $112,764 | $0 |
| Pricewaterhousecoopers | AUDITOR | $69,034 | $0 |
| K1x, Inc | FINANCIAL SERVICES | $14,045 | $14,639 |
| Groom Law | ATTORNEY | $27,294 | $0 |
| Curcio Webb | CONSULTING (GENERAL) | $25,113 | $0 |
| Jefferies LLC | OTHER INVESTMENT FEES | $0 | $11,582 |
| The Bank Of New York Mellon | CUSTODIAN | $11,300 | $0 |
| Bsr And Co. Llp | TAX PREPARER | $1,285 | $6,460 |