Offering a $500 discount off the plan start-up fee for MCN members with 100 or fewer employees. For questions about this member benefit, please contact MCN’s Operations and Finance Manager, Molly McCaig (mmccaig@macouncilofnonprofits.org), or Lisa Cardinal at Empower Retirement (lisa.cardinal@empower.com).
About 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 100 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