Umass Memorial Shields Pharmacy 401(k) match, vesting and fees
What Umass Memorial Shields Pharmacy's 401(k) 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 | Alerus Financial, N.A. | Schedule C ↗ |
| Independent auditor | Leonard, Mulherin & Greene, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 479 defined-contribution plans in retail trade with 1,000 to 4,999 participants.
| Umass Memorial Shields Pharmacy: employer contribution per participant | $2,010 | |
| Peer median | $1,023 |
| Umass Memorial Shields Pharmacy: average balance | $31,789 | |
| Peer median | $43,395 |
| Umass Memorial Shields Pharmacy: admin expenses ÷ assets | 0.29% | |
| Peer median | 0.23% |
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 $32.9M at the end of plan year 2021 to $87.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,836 | $87.8M | $5.6M | $2,010 | 0.29% | Not published | Form 5500 ↗ |
| 2023 | 2,313 | $62.3M | $4.8M | $2,130 | 0.33% | Not published | Form 5500 ↗ |
| 2022 | 2,020 | $40M | $4.2M | $2,100 | 0.35% | Not published | Form 5500 ↗ |
| 2021 | 1,396 | $32.9M | $2.6M | $1,893 | 0.31% | Not published | Form 5500 ↗ |
Common questions
Does Umass Memorial Shields Pharmacy match 401(k) contributions?
The match terms for the Umass Memorial Shields Pharmacy, LLC 401(k) Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $5.6M in employer contributions, about $2,010 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Umass Memorial Shields Pharmacy 401(k) match vested?
The vesting schedule for the Umass Memorial Shields Pharmacy, LLC 401(k) Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Umass Memorial Shields Pharmacy 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Alerus Financial, N.A.. The plan administrator is Umass Memorial Shields Pharmacy LLC.
I left Umass Memorial Shields Pharmacy. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Umass Memorial Shields Pharmacy LLC, (781) 566-5066) or the recordkeeper, Alerus Financial, N.A.. The Umass Memorial Shields Pharmacy old 401(k) page lists the contacts from every plan filing. Find an old Umass Memorial Shields Pharmacy 401(k)
Data from the public Form 5500 annual reports Umass Memorial Shields Pharmacy 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 Umass Memorial Shields Pharmacy. Not financial advice. Report a correction · Methodology