Plan Snapshot
- Plan Sponsor: Brookwood Financial Partners, LLC
- Sponsor EIN: 043190521
- Sponsor Address: 138 CONANT STREET, BEVERLY, MA, 01915
- Plan Type: 401(k)
- Total Participants: 86
- Total Assets: $13.9M
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 | 86 | $13.9M | $157,219 | $688,532 |
| 2023 | 99 | $12.4M | $154,393 | $663,038 |
| 2022 | 101 | $10.0M | $167,580 | $687,373 |
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 |
|---|---|---|---|---|
| GRAY, GRAY & GRAY | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $11,062 | $3,864 | — | — | — |
| 2023 | $4,898 | $3,523 | — | — | — |
| 2022 | $20,919 | $3,289 | $17,630 | — | — |