Plan Snapshot
- Plan Sponsor: Claremont Savings Bank
- Sponsor EIN: 020119060
- Sponsor Address: 145 BROAD STREET PO BOX 1600, CLAREMONT, NH, 03743
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 119
- Total Assets: $21.0M
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. |
|---|---|---|---|---|
| 2025 | 119 | $21.0M | $0 | $0 |
| 2024 | 83 | $17.1M | $220,897 | $517,618 |
| 2023 | 89 | $15.0M | $210,757 | $472,202 |
| 2022 | 90 | $14.9M | $352,852 | $430,669 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK USA | Recordkeeper | $87,879 | — | $87,879 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,879
- Estimated Expense Ratio: 0.418% 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 |
|---|---|---|---|---|---|
| 2025 | $567,257 | — | $90,029 | — | — |
| 2024 | $84,642 | — | $84,642 | — | — |
| 2023 | $79,974 | — | $79,974 | — | — |
| 2022 | $78,299 | — | $78,299 | — | — |