Plan Snapshot
- Plan Sponsor: Barre Belt
- Sponsor EIN: 223350494
- Sponsor Address: 105 N MAIN ST STE 302, BARRE, VT, 05641
- Plan Type: 401(k)
- Total Participants: 137
- Total Assets: $9.8M
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 | 137 | $9.8M | $61,282 | $428,141 |
| 2023 | 128 | $8.6M | $52,816 | $386,311 |
| 2022 | 104 | $7.1M | $46,526 | $366,461 |
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 |
|---|---|---|---|---|
| CPI QUALIFIED PLAN CONSULTANTS, INC | Recordkeeper | $23,829 | — | $23,829 |
| OSAIC INSTITUTIONS, INC. | Other Service Provider | $14,232 | — | $14,232 |
| MCSOLEY MCCOY & CO. | Auditor | $13,741 | — | $13,741 |
| NFP PROPERTY AND CASUALTY SERVICES | Other Service Provider | $5,619 | — | $5,619 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CPI QUALIFIED PLAN CONSULTANTS, INC — Recordkeeper
- MCSOLEY MCCOY & CO. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,421
- Estimated Expense Ratio: 0.588% 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 | $60,446 | $14,232 | $14,355 | $13,742 | — |
| 2023 | $50,841 | $11,743 | $11,094 | $13,350 | — |
| 2022 | $53,928 | $10,810 | $19,283 | — | $23,835 |