Plan Snapshot
- Plan Sponsor: Budderfly, INC.
- Sponsor EIN: 822765116
- Sponsor Address: 2 TRAP FALLS ROAD, SHELTON, CT, 06484
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 345
- Total Assets: $9.3M
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 | 345 | $9.3M | $680,666 | $2.2M |
| 2022 | 144 | $2.7M | $0 | $838,083 |
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 |
|---|---|---|---|---|
| ADP, INC. | Recordkeeper | $15,925 | — | $15,925 |
| JOHN HANCOCK RETIREMENT PLAN SVCS | Recordkeeper | $14,678 | — | $14,678 |
| EXCEL WEALTH MANAGEMENT LLC | Other Service Provider | $14,452 | — | $14,452 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — Recordkeeper
- JOHN HANCOCK RETIREMENT PLAN SVCS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,055
- Estimated Expense Ratio: 0.483% 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 | $45,055 | $14,511 | $30,544 | — | — |
| 2022 | $174,378 | — | — | — | — |