Plan Snapshot
- Plan Sponsor: Broadcastmed, INC.
- Sponsor EIN: 061401536
- Sponsor Address: 195 FARMINGTON AVE., FARMINGTON, CT, 06032
- Plan Type: 401(k)
- Total Participants: 239
- Total Assets: $15.9M
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 | 239 | $15.9M | $692,254 | $1.4M |
| 2023 | 267 | $16.1M | $750,059 | $1.6M |
| 2022 | 219 | $3.9M | $395,111 | $476,751 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $36,550 | — | $36,550 |
| UBS FINANCIAL SERVICES INC | Investment Advisor | $31,260 | — | $31,260 |
| PENSION CONSULTANTS INC | Investment Advisor | $3,435 | $7,815 | $11,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PENSION CONSULTANTS INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $79,060
- Estimated Expense Ratio: 0.497% 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 | $70,870 | — | — | — | — |
| 2023 | $65,024 | — | — | — | — |
| 2022 | — | — | — | — | — |