Plan Snapshot
- Plan Sponsor: Eastern Bearings, INC. Dba Eastern Industrial Automation
- Sponsor EIN: 042316388
- Sponsor Address: 465 WAVERLY OAKS, WALTHAM, MA, 02452
- Plan Type: 401(k)
- Total Participants: 157
- Total Assets: $30.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 157 | $30.7M | $0 | $0 |
| 2023 | 161 | $24.0M | $0 | $0 |
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 |
|---|---|---|---|---|
| TONNESON & CO. | Auditor | $4,700 | — | $4,700 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,700
- Estimated Expense Ratio: 0.015% 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 | $11,279 | $4,500 | $2,079 | $4,700 | — |
| 2023 | $22,531 | $8,000 | $2,073 | — | $12,458 |