Plan Snapshot
- Plan Sponsor: Action For Boston Community Development
- Sponsor EIN: 042304133
- Sponsor Address: 178 TREMONT ST., BOSTON, MA, 02111
- Plan Type: DC
- Total Participants: 775
- Total Assets: $58.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 775 | $58.2M | $3.4M | $0 |
| 2023 | 700 | $56.6M | $3.1M | $0 |
| 2022 | 689 | $53.1M | $2.7M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $121,838 | — | $121,838 |
| ROPES & GRAY LLP | ERISA Attorney | $54,045 | — | $54,045 |
| SAGEVIEW ADVISORY GROUP LLC | Other Service Provider | $8,731 | — | $8,731 |
| KBC HOLDINGS LLC DBA KANON BLOCH CA | Other Service Provider | $5,299 | — | $5,299 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ROPES & GRAY LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $189,913
- Estimated Expense Ratio: 0.326% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $189,913 | $14,030 | — | $54,045 | — |
| 2023 | $160,233 | $5,299 | — | — | — |
| 2022 | $103,674 | — | — | — | — |