Plan Snapshot
- Plan Sponsor: Boston Boatworks, LLC
- Sponsor EIN: 043311597
- Sponsor Address: 333 TERMINAL STREET, CHARLESTOWN, MA, 02129
- Plan Type: 401(k)
- Total Participants: 19
- Total Assets: $4.7M
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 | 19 | $4.7M | $96,808 | $324,926 |
| 2023 | 75 | $4.1M | $53,180 | $343,633 |
| 2022 | 107 | $3.6M | $125,303 | $511,461 |
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 |
|---|---|---|---|---|
| WS CPAS P.C. | 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 | $27,149 | $10,764 | $5,119 | — | — |
| 2023 | $25,085 | $8,973 | $6,511 | — | — |
| 2022 | $24,939 | $4,017 | $20,491 | — | $431 |