Plan Snapshot
- Plan Sponsor: Budney Overhaul & Repair, Ltd
- Sponsor EIN: 061285065
- Sponsor Address: 131 NEW PARK DRIVE, BERLIN, CT, 06037
- Plan Type: 401(k)
- Total Participants: 145
- Total Assets: $7.2M
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 | 145 | $7.2M | $174,235 | $504,144 |
| 2023 | 138 | $6.4M | $170,957 | $465,219 |
| 2022 | 133 | $5.8M | $161,965 | $454,375 |
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 CO OF AME | Recordkeeper | $30,068 | — | $30,068 |
| MASSACHUSETTS MUTUAL LIFE | Investment Advisor | — | $14,652 | $14,652 |
| PENSION CONSULTANTS INC | Investment Advisor | $735 | $6,969 | $7,704 |
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: $52,424
- Estimated Expense Ratio: 0.724% 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 | $30,862 | — | $30,862 | — | — |
| 2023 | $30,494 | — | $30,494 | — | — |
| 2022 | $28,719 | — | $28,719 | — | — |