Plan Snapshot
- Plan Sponsor: B & F Machine Co INC
- Sponsor EIN: 060887143
- Sponsor Address: 145 EDGEWOOD AVENUE, NEW BRITAIN, CT, 06051
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 275
- Total Assets: $23.1M
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. |
|---|---|---|---|---|
| 2025 | 275 | $23.1M | $0 | $0 |
| 2024 | 228 | $20.6M | $501,565 | $1.0M |
| 2023 | 216 | $18.3M | $460,560 | $943,962 |
| 2022 | 205 | $15.6M | $432,099 | $848,069 |
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 |
|---|---|---|---|---|
| JANNEY MONTGOMERY SCOTT LLC | Investment Advisor | $20,853 | — | $20,853 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $9,156 | — | $9,156 |
| PASI, LLC | Other Service Provider | $6,585 | — | $6,585 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,594
- Estimated Expense Ratio: 0.159% 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 |
|---|---|---|---|---|---|
| 2025 | $2,075,333 | — | $38,813 | — | — |
| 2024 | $23,438 | — | $23,438 | — | — |
| 2023 | $22,930 | — | $10,355 | $11,500 | — |
| 2022 | $9,300 | — | $9,300 | — | — |