Plan Snapshot
- Plan Sponsor: Colwen Management, INC.
- Sponsor EIN: 020526858
- Sponsor Address: 230 COMMERCE WAY, PORTSMOUTH, NH, 03801
- Plan Type: 401(k)
- Total Participants: 869
- Total Assets: $16.3M
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 | 869 | $16.3M | $743,202 | $1.3M |
| 2023 | 1,833 | $13.6M | $691,023 | $1.1M |
| 2022 | 623 | $11.0M | $536,713 | $1.0M |
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 |
|---|---|---|---|---|
| NATIONWIDE | Recordkeeper | $112,917 | — | $112,917 |
| COMMONWEALTH FINANCIAL NETWORK | Investment Advisor | $76,923 | — | $76,923 |
| NATIONWIDE | Recordkeeper | $5,610 | — | $5,610 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — Recordkeeper
- COMMONWEALTH FINANCIAL NETWORK — Investment Advisor
- NATIONWIDE — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $195,450
- Estimated Expense Ratio: 1.200% 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 | $54,334 | $54,334 | — | — | — |
| 2023 | $40,316 | — | — | — | — |
| 2022 | $89,110 | — | $26,490 | — | $62,620 |