Plan Snapshot
- Plan Sponsor: Bane Quality Care, LLC
- Sponsor EIN: 472530834
- Sponsor Address: 350 GRANITE STREET, BRAINTREE, MA, 02184
- Plan Type: 401(k)
- Total Participants: 405
- Total Assets: $3.4M
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 | 405 | $3.4M | $23,150 | $477,144 |
| 2023 | 380 | $2.7M | $18,371 | $401,483 |
| 2022 | 331 | $2.3M | $21,045 | $412,521 |
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 |
|---|---|---|---|---|
| STRATEGIC PENSION SERVICES, LLC | Recordkeeper | $24,262 | $1,404 | $25,666 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $25,666
- Estimated Expense Ratio: 0.757% 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 | $24,646 | — | — | — | — |
| 2023 | $9,404 | — | — | — | — |
| 2022 | $2,677 | — | — | — | — |