Plan Snapshot
- Plan Sponsor: Barnes Group INC.
- Sponsor EIN: 060247840
- Sponsor Address: 123 MAIN STREET, BRISTOL, CT, 060106307
- Plan Type: DB
- Plan Number: 001
- Total Participants: 109
- Total Assets: $80.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 109 | $80.9M | $0 | $0 |
| 2022 | 166 | $78.0M | $0 | $0 |
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 |
|---|---|---|---|---|
| MERCER | Investment Advisor | $288,899 | — | $288,899 |
| MERCER INVESTMENT MANAGEMENT | Investment Advisor | $203,348 | — | $203,348 |
| NELSON MULLINS RILEY & SCARBOROUGH | ERISA Attorney | $9,349 | — | $9,349 |
| FIONDELLA, MILONE & LASARACINA LLP | Other Service Provider | $7,375 | — | $7,375 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERCER — Investment Advisor
- MERCER INVESTMENT MANAGEMENT — Investment Advisor
- NELSON MULLINS RILEY & SCARBOROUGH — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $508,971
- Estimated Expense Ratio: 0.629% 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 |
|---|---|---|---|---|---|
| 2023 | $854,579 | $203,348 | $222,733 | $7,375 | — |
| 2022 | $826,126 | $495,321 | — | — | $263,649 |