The Massachusetts Defined Contribution CORE Plan (“CORE Plan”) is a tax deferred and post-tax 401(k) savings plan developed for employees of eligible small nonprofit organizations that choose to adopt it. The mission of the CORE Plan is to help Massachusetts nonprofit employees save and invest for a financially secure retirement. Massachusetts nonprofit organizations with 20 employees or fewer may be eligible to adopt the CORE Plan. The Office of the State Treasurer and Receiver General, as sponsor of the CORE Plan, assumes most administrative and investment responsibilities, reducing the burden on participating nonprofit employers.
