Plan Snapshot
- Plan Sponsor: Bay State Savings Bank
- Sponsor EIN: 753238872
- Sponsor Address: 28 FRANKLIN STREET, WORCESTER, MA, 01608
- Plan Type: 401(k)
- Total Participants: 76
- Total Assets: $7.5M
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. |
|---|---|---|---|---|
| 2024 | 76 | $7.5M | $99,032 | $377,146 |
| 2023 | 78 | $7.5M | $108,485 | $395,255 |
| 2022 | 75 | $7.3M | $100,284 | $369,510 |
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 |
|---|---|---|---|---|
| JOHNSON OCONNOR FERON & CARUCCI LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $500 | — | $500 | — | — |
| 2023 | $350 | — | $350 | — | — |
| 2022 | $340 | — | $340 | — | — |