Plan Snapshot
- Plan Sponsor: Carney Management Company, INC.
- Sponsor EIN: 042901650
- Sponsor Address: 1626 WORCESTER ROAD, FRAMINGHAM, MA, 01702
- Plan Type: 401(k)
- Total Participants: 329
- Total Assets: $27.0M
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 | 329 | $27.0M | $0 | $2.0M |
| 2023 | 327 | $25.6M | $0 | $2.0M |
| 2022 | 313 | $23.1M | $0 | $1.9M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $40,188 | — | $40,188 |
| ADP, INC. | RECORD KEEPER | $23,426 | — | $23,426 |
| WITHUMSMITHBROWN, PC | ACCOUNTANT | $8,840 | — | $8,840 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- WITHUMSMITHBROWN, PC — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,454
- Estimated Expense Ratio: 0.269% 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 | $72,454 | $40,188 | — | — | — |
| 2023 | $51,498 | $38,448 | — | — | — |
| 2022 | $45,819 | — | — | — | — |