Plan Snapshot
- Plan Sponsor: Boston Shipping Association, INC.
- Sponsor EIN: 042034907
- Sponsor Address: CHARLESTOWN NAVY YARD, 197 8TH ST, CHARLESTOWN, MA, 021294208
- Plan Type: DC
- Total Participants: 376
- Total Assets: $52.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 376 | $52.8M | $0 | $0 |
| 2023 | 379 | $42.4M | $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 |
|---|---|---|---|---|
| WALTER & SHUFFAIN, P.C. | Auditor | $24,500 | — | $24,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,500
- Estimated Expense Ratio: 0.046% 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 | $110,238 | $65,056 | $5,836 | $24,500 | — |
| 2023 | $110,009 | $59,051 | $5,836 | — | $27,000 |