Plan Snapshot
- Plan Sponsor: Cynosure, LLC
- Sponsor EIN: 043125110
- Sponsor Address: 5 CARLISLE ROAD, WESTFORD, MA, 01886
- Plan Type: 401(k)
- Total Participants: 409
- Total Assets: $39.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 409 | $39.8M | $1.9M | $4.5M |
| 2023 | 414 | $36.4M | $2.1M | $4.8M |
| 2022 | 422 | $30.5M | $2.3M | $5.2M |
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 |
|---|---|---|---|---|
| COMMONWEALTH FINANCIAL NETWORK | ADVISOR | $76,375 | — | $76,375 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $55,301 | — | $55,301 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $7,361 | — | $7,361 |
| CARON & BLETZER, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- CARON & BLETZER, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $139,037
- Estimated Expense Ratio: 0.350% 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 | $139,003 | $83,735 | $300 | — | — |
| 2023 | $111,728 | $71,874 | — | — | — |
| 2022 | $123,888 | $3,872 | — | — | — |