Plan Snapshot
- Plan Sponsor: Biocair INC
- Sponsor EIN: 030404040
- Sponsor Address: 30 TOWER OFFICE PARK, WOBURN, MA, 018012113
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 305
- Total Assets: $8.5M
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. |
|---|---|---|---|---|
| 2025 | 305 | $8.5M | $0 | $0 |
| 2024 | 169 | $7.6M | $553,353 | $737,265 |
| 2023 | 199 | $0 | $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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS | Investment Advisor | $25,000 | — | $25,000 |
| PAYCHEX, INC. | Recordkeeper | $22,602 | — | $22,602 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,602
- Estimated Expense Ratio: 0.559% 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 | $1,790,606 | $25,000 | $25,752 | — | — |
| 2024 | $50,343 | $32,566 | $17,777 | — | — |
| 2023 | — | — | — | — | — |