Plan Snapshot
- Plan Sponsor: Charm Sciences, INC.
- Sponsor EIN: 042635968
- Sponsor Address: 659 ANDOVER STREET, LAWRENCE, MA, 018431032
- Plan Type: 401(k)
- Total Participants: 321
- Total Assets: $46.3M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 321 | $46.3M | $940,412 | $1.9M |
| 2023 | 319 | $41.4M | $899,316 | $1.8M |
| 2022 | 299 | $34.7M | $875,385 | $1.7M |
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 |
|---|---|---|---|---|
| AAFCPAS INC | Auditor | — | — | $0 |
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 | $51,813 | $51,813 | — | — | — |
| 2023 | $63,982 | $48,119 | — | — | — |
| 2022 | $169,621 | $150,686 | $12,500 | — | $6,399 |