Plan Snapshot
- Plan Sponsor: Barkan Management Company, INC.
- Sponsor EIN: 042724804
- Sponsor Address: 7 WELLS AVE, NEWTON, MA, 02459
- Plan Type: 401(k)
- Total Participants: 671
- Total Assets: $43.3M
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 | 671 | $43.3M | $1.5M | $2.9M |
| 2023 | 584 | $40.7M | $1.2M | $3.0M |
| 2022 | 619 | $34.5M | $1.2M | $2.6M |
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 |
|---|---|---|---|---|
| MML INVESTOR SERVICES LLC | ADVISOR | — | $47,658 | $47,658 |
| COHNREZNICK | ACCOUNTANT/AUDITOR | $26,904 | — | $26,904 |
| NOVOGRADAC & COMPANY LLP | ACCOUNTANT/AUDITOR | $19,950 | — | $19,950 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COHNREZNICK — ACCOUNTANT/AUDITOR
- NOVOGRADAC & COMPANY LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,512
- Estimated Expense Ratio: 0.218% 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 | $33,879 | — | — | — | — |
| 2023 | -$13,383 | — | $1,200 | — | — |
| 2022 | $14,379 | — | — | — | — |