Plan Snapshot
- Plan Sponsor: Ene. Systems INC.
- Sponsor EIN: 042956130
- Sponsor Address: 480 NEPONSET STREET SUITE 11D, CANTON, MA, 02021
- Plan Type: 401(k)
- Total Participants: 272
- Total Assets: $33.3M
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. |
|---|---|---|---|---|
| 2024 | 272 | $33.3M | $812,612 | $1.9M |
| 2023 | 262 | $30.1M | $693,211 | $1.6M |
| 2022 | 222 | $24.9M | $594,063 | $1.4M |
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 |
|---|---|---|---|---|
| WELLS FARGO CLEARING SERVICES, LLC | Investment Advisor | — | $48,330 | $48,330 |
| VOYA RETIREMENT ADVISORS, LLC | Other Service Provider | $22,747 | — | $22,747 |
| CITRIN COOPERMAN | Other Service Provider | $16,750 | — | $16,750 |
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $7,653 | $4,848 | $12,501 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WELLS FARGO CLEARING SERVICES, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $100,328
- Estimated Expense Ratio: 0.301% 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 | $47,151 | $40,183 | $6,450 | — | — |
| 2023 | $36,162 | $33,162 | $2,700 | — | — |
| 2022 | $39,563 | — | — | — | — |