MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION

Plan Contact

  • Address: 100 CAMBRIDGE STREET, SUITE 1600,BOSTON,MA
  • Contact person: ALAN BRAVERMAN
  • Phone: (800) 999-9080

Plan General Information

MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION Total Retirement Plan Assets

At the end of 2017, the total retirement plan assets of MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION is $41,769,535.00.This plan was established in 1992.

MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION Total Number of Retirement Plan Participants

At the end of 2017, the total number of retirement plan participants in MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION is 684

MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION Average Participant Retirement Account Value

In 2017, the average participant retirement account value for MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION is $61,066.00

MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION Estimated Average Employee Contribution Amount

In 2017, the estimated average employee contribution amount per participant for MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION is $6,348.00.

MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION Total Retirement Plan Asset Growth Rate

In 2017, the total retirement plan asset growth rate of MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION is 7.85%.

MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION Estimated Aggregate Retirement Account Investment Gain/Loss

In 2017, the estimated aggregate retirement account investment gain/loss for MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION is 18.11%. This measures the effectiveness of the plan participants' investments in the year.

MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION Expense Ratio

In 2017, the investment and administrative expense ratio of MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION is 0.10%.

Enrollment Features

MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.


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