Merrimack College 403(b) match, vesting and fees
What Merrimack College's 403(b) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | TIAA | Schedule C ↗ |
| Independent auditor | Cbiz Cpas P.C. (disclaimer opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 441 defined-contribution plans in educational services with 1,000 to 4,999 participants.
| Merrimack College: employer contribution per participant | $3,193 | |
| Peer median | $2,130 |
| Merrimack College: average balance | $143,649 | |
| Peer median | $126,258 |
| Merrimack College: admin expenses ÷ assets | 0.06% | |
| Peer median | 0.07% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $168M at the end of plan year 2021 to $185M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,911 | $185M | $4.1M | $3,193 | 0.06% | Not published | Form 5500 ↗ |
| 2023 | 1,384 | $165M | $3.5M | $2,867 | 0.03% | Not published | Form 5500 ↗ |
| 2022 | 1,784 | $150M | $3.1M | $2,603 | 0.05% | Not published | Form 5500 ↗ |
| 2021 | 1,726 | $168M | $3.4M | $2,923 | 0.01% | Not published | Form 5500 ↗ |
Common questions
Does Merrimack College match 401(k) contributions?
The match terms for the Merrimack College 403(b) Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $4.1M in employer contributions, about $3,193 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Merrimack College 401(k) match vested?
The vesting schedule for the Merrimack College 403(b) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Merrimack College 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is TIAA. The plan administrator is Merrimack College.
I left Merrimack College. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Merrimack College, (978) 837-5194) or the recordkeeper, TIAA. The Merrimack College old 401(k) page lists the contacts from every plan filing. Find an old Merrimack College 401(k)
Data from the public Form 5500 annual reports Merrimack College filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Merrimack College. Not financial advice. Report a correction · Methodology