Employers › Massachusetts Institute of Technology
Recordkeeping fees per participant · Massachusetts Institute of Technology Supplemental 401(k) Plan · plan year 2024
$0.28
Higher than 1% of the 790 plans over $1B that report it.
= $7,050 / 25,570
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250723141655NAL0008921522001, received 2025-07-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250723141655NAL0008921522001, received 2025-07-23
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-23.
Administrative expenses excluding investment management, per participant
$1.45
Higher than 2% of the 1,045 plans over $1B that report it.
= $37,050 / 25,570
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250723141655NAL0008921522001, received 2025-07-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250723141655NAL0008921522001, received 2025-07-23
Administrative expenses per participant
$31.33
Higher than 13% of the 1,076 plans over $1B that report it.
= $801,144 / 25,570
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250723141655NAL0008921522001, received 2025-07-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250723141655NAL0008921522001, received 2025-07-23
Administrative expenses as a share of assets
0.010%
Higher than 8% of the 1,076 plans over $1B that report it.
= $801,144 / $7,720,373,045
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250723141655NAL0008921522001, received 2025-07-23
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250723141655NAL0008921522001, received 2025-07-23
Employer contributions per participant
$3,369
Higher than 44% of the 1,135 plans over $1B that report it.
= $86,145,185 / 25,570
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250723141655NAL0008921522001, received 2025-07-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250723141655NAL0008921522001, received 2025-07-23
Employer share of total contributions
30.1%
Higher than 39% of the 1,135 plans over $1B that report it.
= $86,145,185 / $286,135,429
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250723141655NAL0008921522001, received 2025-07-23
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250723141655NAL0008921522001, received 2025-07-23
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3H controlled-group sponsor · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250723141655NAL0008921522001, received 2025-07-23
| Field | Value | Source |
|---|---|---|
| Plan sponsor | MASSACHUSETTS INSTITUTE OF TECHNOLOGY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Plan name | MASSACHUSETTS INSTITUTE OF TECHNOLOGY SUPPLEMENTAL 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Sponsor EIN / plan number | 04-2103594 / 005 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Sponsor location | CAMBRIDGE, MA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Industry (business code) | 611000, Educational services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Filing received | 2025-07-23 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Participants, beginning of year | 26,851 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Active participants | 15,125 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Participants, end of year | 27,457 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Participants with an account balance | 25,570 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Total assets, beginning of year | $6,829,912,863 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Total assets, end of year | $7,720,373,045 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Net assets, end of year | $7,718,034,215 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Total income | $1,289,703,356 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Net income | $890,579,188 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Employer contributions | $86,145,185 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Participant contributions | $168,326,904 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Other contributions (incl. rollovers) | $31,663,340 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Total contributions | $286,135,429 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Benefit payments | $397,841,639 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Total expenses (incl. benefit payments) | $399,124,168 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Total administrative expenses | $801,144 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Recordkeeping fees | $7,050 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Investment advisory and management fees | $764,094 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Administrative expenses excluding investment management | $37,050 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Held in common/collective trusts | $6,651,778,556 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Held in mutual funds | $991,131,861 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250723141655NAL0008921522001, received 2025-07-23 |
| Independent auditor | PRICEWATERHOUSECOOPERS LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250723141655NAL0008921522001, received 2025-07-23 |
Position = column in the DOL layout for form year 2024. Filing 20250723141655NAL0008921522001, received 2025-07-23.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 26 Investment advisory (participants); 60 Sub-transfer agency fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $194,957 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250723141655NAL0008921522001, received 2025-07-23.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $6,829,912,863 | $7,720,373,045 | 13.0% |
| Participants with a balance | 24,901 | 25,570 | 2.7% |
| Administrative expenses | $771,468 | $801,144 | 3.8% |
| Recordkeeping fees per participant | $0.21 | $0.28 | 34.0% |
| Employer contributions | $80,038,030 | $86,145,185 | 7.6% |
Prior filing 20240723103145NAL0024109634001, received 2024-07-23; the plan years are contiguous.
Sponsor name as filed: MASSACHUSETTS INSTITUTE OF TECHNOLOGY; SEC registrant: MASSACHUSETTS INSTITUTE OF TECHNOLOGY (CIK 351051, matched by EIN).