Plan Snapshot
- Plan Sponsor: Barrett Distribution Centers
- Sponsor EIN: 042233124
- Sponsor Address: 15 FREEDOM WAY, FRANKLIN, MA, 02038
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,688
- Total Assets: $57.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 1,688 | $57.5M | $0 | $0 |
| 2024 | 1,431 | $47.3M | $1.2M | $4.9M |
| 2023 | 1,452 | $41.0M | $1.6M | $4.9M |
| 2022 | 1,473 | $31.6M | $1.4M | $4.5M |
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 |
|---|---|---|---|---|
| ADP, INC. | Recordkeeper | $180,386 | — | $180,386 |
| GLOBAL RETIREMENT PARTNERS | Investment Advisor | $15,489 | — | $15,489 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $195,875
- Estimated Expense Ratio: 0.341% 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 |
|---|---|---|---|---|---|
| 2025 | $4,448,312 | $15,489 | — | — | — |
| 2024 | $206,265 | $15,511 | — | — | — |
| 2023 | $156,210 | $15,500 | — | — | — |
| 2022 | $191,295 | — | — | — | — |