Plan Snapshot
- Plan Sponsor: Caffe Nero Americas INC.
- Sponsor EIN: 463749140
- Sponsor Address: 320 CONGRESS STREET, BOSTON, MA, 02210
- Plan Type: 401(k)
- Total Participants: 310
- Total Assets: $3.2M
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 | 310 | $3.2M | $40,455 | $628,869 |
| 2023 | 260 | $2.5M | $35,000 | $522,381 |
| 2022 | 255 | $1.8M | $40,000 | $442,095 |
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 |
|---|---|---|---|---|
| COMPASS 360, LLC | Recordkeeper | $41,170 | — | $41,170 |
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $27,637 | — | $27,637 |
| COMMONWEALTH FINANCIAL NETWORK | Investment Advisor | $13,960 | — | $13,960 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — Recordkeeper
- COMMONWEALTH FINANCIAL NETWORK — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,767
- Estimated Expense Ratio: 2.612% 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 | $96,745 | — | $96,745 | — | — |
| 2023 | $71,818 | — | $71,818 | — | — |
| 2022 | $76,216 | — | $76,216 | — | — |