Plan Snapshot
- Plan Sponsor: Chelsea Groton Bank
- Sponsor EIN: 060376640
- Sponsor Address: 904 POQUONNOCK ROAD, GROTON, CT, 06340
- Plan Type: 401(k)
- Total Participants: 215
- Total Assets: $43.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 215 | $43.6M | $1.3M | $1.2M |
| 2023 | 221 | $40.1M | $1.2M | $1.2M |
| 2022 | 201 | $33.5M | $1.2M | $1.1M |
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 |
|---|---|---|---|---|
| WHITTLESEY PC | 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 | $106,207 | $23,000 | — | — | — |
| 2023 | $85,938 | $17,250 | — | — | — |
| 2022 | $93,477 | $23,000 | — | — | — |