Plan Snapshot
- Plan Sponsor: Boyd Corporation INC. (Woburn, INC.)
- Sponsor EIN: 042761155
- Sponsor Address: 55 DRAGON CT., WOBURN, MA, 01801
- Plan Type: 401(k)
- Total Participants: 265
- Total Assets: $37.7M
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 | 265 | $37.7M | $676,043 | $1.6M |
| 2023 | 258 | $34.5M | $750,959 | $1.5M |
| 2022 | 244 | $30.7M | $714,130 | $1.4M |
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 |
|---|---|---|---|---|
| CLARK NUBER | Auditor | $27,000 | — | $27,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,000
- Estimated Expense Ratio: 0.072% 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 | $87,388 | — | — | $27,000 | — |
| 2023 | $66,786 | $17,850 | — | — | — |
| 2022 | $65,043 | — | — | — | $16,800 |