Plan Snapshot
- Plan Sponsor: Charles Daher'S Commonwealth Motors
- Sponsor EIN: 043117669
- Sponsor Address: ONE COMMONWEALTH DRIVE, LAWRENCE, MA, 01841
- Plan Type: 401(k)
- Total Participants: 216
- Total Assets: $17.2M
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 | 216 | $17.2M | $197,675 | $934,428 |
| 2023 | 205 | $15.7M | $203,870 | $932,454 |
| 2022 | 192 | $13.2M | $177,727 | $896,253 |
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 |
|---|---|---|---|---|
| CARON & BLETZER, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARON & BLETZER, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $86,618 | $14,329 | — | — | — |
| 2023 | $50,662 | $11,977 | — | — | — |
| 2022 | $5,713 | — | — | — | — |