Plan Snapshot
- Plan Sponsor: Critical Systems, INC.
- Sponsor EIN: 473188114
- Sponsor Address: 1000 BATTLES STREET, LEOMINSTER, MA, 01453
- Plan Type: 401(k)
- Total Participants: 121
- Total Assets: $4.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 121 | $4.1M | $241,445 | $315,968 |
| 2023 | 116 | $3.5M | $209,695 | $282,108 |
| 2022 | 131 | $3.0M | $135,860 | $284,306 |
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 LIFE INS CO | Recordkeeper | $26,584 | — | $26,584 |
| LPL FINANCIAL LLC | Investment Advisor | $17,752 | — | $17,752 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INS CO — Recordkeeper
- LPL FINANCIAL LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,336
- Estimated Expense Ratio: 1.073% 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 | $58,013 | $17,752 | $26,584 | — | — |
| 2023 | $31,767 | $8,477 | $13,062 | — | — |
| 2022 | $15,590 | — | $1,375 | — | $4,090 |