Plan Snapshot
- Plan Sponsor: Bowditch & Dewey, LLP
- Sponsor EIN: 042297674
- Sponsor Address: P.O.BOX 15156, WORCESTER, MA, 01615
- Plan Type: DC
- Total Participants: 118
- Total Assets: $70.2M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 118 | $70.2M | $855,781 | $1.8M |
| 2023 | 110 | $63.8M | $894,606 | $1.6M |
| 2022 | 122 | $52.8M | $955,585 | $1.5M |
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 |
|---|---|---|---|---|
| DIMEO SCHNEIDER & ASSOCIATES, LLC | INVESTMENT ADVISOR | $55,000 | — | $55,000 |
| BOLLUS LYNCH | ACCOUNTANT/AUDITOR | $20,150 | — | $20,150 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,150
- Estimated Expense Ratio: 0.107% 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 | $27,584 | $57,500 | — | $20,150 | — |
| 2023 | $27,326 | $48,500 | — | $19,700 | — |
| 2022 | $28,456 | — | — | — | — |