Plan Snapshot
- Plan Sponsor: Convertible Castle, INC. Dba Bernie & Phyl'S Furni
- Sponsor EIN: 042789202
- Sponsor Address: 308 E MAIN ST, NORTON, MA, 02766
- Plan Type: 401(k)
- Total Participants: 371
- Total Assets: $17.9M
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 | 371 | $17.9M | $92,372 | $969,117 |
| 2023 | 364 | $15.7M | $106,759 | $1.0M |
| 2022 | 412 | $13.8M | $110,288 | $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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | 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 | $47,378 | $39,704 | — | — | — |
| 2023 | $43,438 | $35,605 | — | — | — |
| 2022 | $42,890 | — | — | — | — |