# Boston Shipping Association, INC DB Plan
Source: https://planprovider.pro/companies/boston-shipping-association-inc-plan-006

> Boston Shipping Association, INC's DB plan: 277 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Boston Shipping Association, INC

- **Sponsor EIN:** 042034907

- **Sponsor Address:** CHARLESTOWN NAVY YARD, 197 8TH ST,, CHARLESTOWN, MA, 021294208

- **Plan Type:** DB

- **Total Participants:** 277

- **Total Assets:** $107.8M

## 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|277|$107.8M|$0|$0|

| 2023|244|$94.9M|$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|$38,000|—|$38,000|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $38,000

- **Estimated Expense Ratio:** 0.035% 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|$700,285|$220,902|$177,189|$38,000|—|

| 2023|$701,058|$243,938|$177,189|—|$88,000|

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