Plan Snapshot
- Plan Sponsor: Boston Electrometallurgical Corporation
- Sponsor EIN: 454809296
- Sponsor Address: 6A GILL STREET, WOBURN, MA, 01801
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 187
- Total Assets: $9.1M
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 | 187 | $9.1M | $840,076 | $1.8M |
| 2023 | 129 | $6.1M | $533,326 | $1.2M |
| 2022 | 106 | $3.4M | $350,321 | $819,450 |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | Other Service Provider | $5,076 | — | $5,076 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,076
- Estimated Expense Ratio: 0.056% 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 | $4,626 | — | $4,626 | — | — |
| 2023 | $130,601 | — | — | — | — |
| 2022 | $177,867 | — | — | — | — |