Plan Snapshot
- Plan Sponsor: Acton Medical Associates, P.C.
- Sponsor EIN: 043038356
- Sponsor Address: 321 MAIN STREET, ACTON, MA, 01720
- Plan Type: 401(k)
- Total Participants: 163
- Total Assets: $37.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 163 | $37.7M | $425,658 | $1.2M |
| 2023 | 190 | $37.9M | $545,134 | $1.2M |
| 2022 | 190 | $36.6M | $869,256 | $1.2M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS | INVESTMENT ADVISOR | $18,800 | — | $18,800 |
| THE ANGELL PENSION GROUP, INC. | CONTRACT ADMIN | $12,138 | — | $12,138 |
| CARON & BLETZER, PLLC | RECORDKEEPER | $11,000 | — | $11,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,938
- Estimated Expense Ratio: 0.111% 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 | $120,495 | $18,800 | $12,138 | $11,000 | — |
| 2023 | $142,639 | — | — | — | — |
| 2022 | $143,630 | — | — | — | — |