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)
- Total Participants: 228
- Total Assets: $20.6M
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 | 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 | $14,647 | — | $14,647 |
| B & F MACHINE COMPANY INC | Other Service Provider | $10,000 | — | $10,000 |
| PASI, LLC | Other Service Provider | $7,582 | — | $7,582 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JANNEY MONTGOMERY SCOTT LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,229
- Estimated Expense Ratio: 0.157% 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 | $23,438 | — | $23,438 | — | — |
| 2023 | $22,930 | — | $10,355 | $11,500 | — |
| 2022 | $9,300 | — | $9,300 | — | — |