Plan Snapshot
- Plan Sponsor: Demakes Enterprises, INC.
- Sponsor EIN: 042549910
- Sponsor Address: 37 WATERHILL STREET, LYNN, MA, 01905
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 0 | $0 | $0 | $0 |
| 2024 | 425 | $17.4M | $479,583 | $818,150 |
| 2023 | 420 | $15.9M | $444,754 | $770,802 |
| 2022 | 368 | $13.8M | $421,235 | $817,048 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $21,361 | — | $21,361 |
| THE ANGELL PENSION GROUP INC | Recordkeeper | $750 | $10,000 | $10,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,111
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 |
|---|---|---|---|---|---|
| 2025 | $2,070,817 | — | $21,497 | — | — |
| 2024 | $19,970 | — | $19,970 | — | — |
| 2023 | $19,342 | $18,735 | $607 | — | — |
| 2022 | $23,195 | — | — | — | — |