Plan Snapshot
- Plan Sponsor: Connecticut Business & Industry Association. INC.
- Sponsor EIN: 060439660
- Sponsor Address: 350 CHURCH STREET, HARTFORD, CT, 06103
- Plan Type: DB
- Plan Number: 002
- Total Participants: 17
- Total Assets: $36.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 17 | $36.6M | $0 | $0 |
| 2023 | 23 | $35.8M | $0 | $0 |
| 2022 | 24 | $35.1M | $0 | $0 |
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 |
|---|---|---|---|---|
| USI CONSULTING GROUP | Other Service Provider | $41,200 | — | $41,200 |
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $40,517 | — | $40,517 |
| SAGEVIEW ADVISORY GROUP | Investment Advisor | $22,709 | — | $22,709 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SAGEVIEW ADVISORY GROUP — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $104,426
- Estimated Expense Ratio: 0.285% 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 | $131,294 | $76,560 | — | — | — |
| 2023 | $78,929 | $78,929 | — | — | — |
| 2022 | $62,372 | $62,372 | — | — | — |