# Candela Corporation 401(k) Plan
Source: https://planprovider.pro/companies/candela-corporation-401k-plan

> Candela Corporation's 401(k) plan: 373 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Candela Corporation

- **Sponsor EIN:** 042477008

- **Sponsor Address:** 251 LOCKE DRIVE, MARLBOROGH, MA, 01752

- **Plan Type:** 401(k)

- **Total Participants:** 373

- **Total Assets:** $67.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|373|$67.8M|$1.5M|$5.5M|

| 2023|411|$60.7M|$1.5M|$5.6M|

| 2022|423|$47.0M|$1.4M|$5.1M|

## 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|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$62,647|—|$62,647|

| TWELVE POINTS WEALTH MANAGEMENT LL|ADVISOR|$51,021|—|$51,021|

| TAWNEY, PLLC|ACCOUNTANT/AUDITOR|$14,373|—|$14,373|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [TAWNEY, PLLC](https://planprovider.pro/provider/tawney-pllc) — ACCOUNTANT/AUDITOR

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $128,041

- **Estimated Expense Ratio:** 0.189% 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|$128,041|$51,021|$300|$14,373|—|

| 2023|$111,768|$41,421|—|$17,285|—|

| 2022|$37,714|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/candela-corporation-401k-plan)

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