Massachusetts CORE Plan

We offer a 401(k) Retirement Plan specifically designed for nonprofits in Massachusetts, where the Office of the State Treasurer, as Plan Sponsor, provides fiduciary and administrative oversight to reduce the responsibilities of participating nonprofit employers across the state.
The Massachusetts Defined Contribution CORE Plan ("CORE Plan") is a state-of-the-art multiple employer 401(k) retirement plan available to nonprofits in Massachusetts who have 20 or fewer W-2 employees at the time they join the Plan. The features of the CORE Plan provide you with the ability to focus your time and energy on the primary duties of your organization while offering an exceptional benefit to your employees:
  • Potentially lower cost for your organization
  • Oversight and fiduciary support from the Office of the State Treasurer
  • Straightforward administration for your benefits staff
  • Protections under ERISA for all participating employees
Service Region
Berkshires, Cape & Islands, Central, Greater Boston, Metrowest, Northeast, Pioneer Valley, Southeast
Core Competencies
401(k) retirement plan administration for nonprofits, retirement planning, employee benefits and retention, personalized investment guidance and advice, fiduciary and administrative support for nonprofit employers
Discount for MNN Members:

Interested MNN Members should contact their CORE Plan representative at 617-510-4036 or lisa.cardinal@empower-retirement.com to see if they qualify for any fee reductions.

Keywords
Retirement, 401(k), Saving, Investments, Employee Benefits, Asset Allocation, Employer Sponsored Retirement Plans, ERISA