Plan Snapshot
- Plan Sponsor: Distributor Corporation Of New England
- Sponsor EIN: 043536549
- Sponsor Address: 767 EASTERN AVENUE, MALDEN, MA, 02148
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 146
- Total Assets: $29.1M
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. |
|---|---|---|---|---|
| 2025 | 146 | $29.1M | $0 | $0 |
| 2024 | 121 | $25.1M | $302,075 | $933,215 |
| 2023 | 111 | $23.3M | $384,507 | $967,507 |
| 2022 | 111 | $19.0M | $362,423 | $911,546 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS | Investment Advisor | $38,524 | — | $38,524 |
| CARON & BLETZER, PLLC | Other Service Provider | $13,500 | — | $13,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,024
- Estimated Expense Ratio: 0.179% 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 |
|---|---|---|---|---|---|
| 2025 | $970,380 | $38,524 | — | $13,500 | — |
| 2024 | $36,822 | — | — | — | — |
| 2023 | $277,288 | — | — | — | — |
| 2022 | $36,338 | — | — | — | — |