Plan Snapshot
- Plan Sponsor: Bass River, INC.
- Sponsor EIN: 042512466
- Sponsor Address: 437 ESSEX STREET, BEVERLY, MA, 01915
- Plan Type: 401(k)
- Total Participants: 109
- Total Assets: $3.3M
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 | 109 | $3.3M | $216,229 | $217,891 |
| 2023 | 104 | $2.8M | $193,456 | $186,866 |
| 2022 | 106 | $2.2M | $164,484 | $118,156 |
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 |
|---|---|---|---|---|
| TRANSAMERICA LIFE INSURANCE COMPANY | Recordkeeper | $19,134 | — | $19,134 |
| CLIFTONLARSONALLEN LLP | Auditor | $12,536 | — | $12,536 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA LIFE INSURANCE COMPANY — Recordkeeper
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,670
- Estimated Expense Ratio: 0.955% 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 | $33,245 | — | $33,245 | — | — |
| 2023 | $35,641 | — | $35,641 | — | — |
| 2022 | $30,112 | — | — | — | $30,040 |