Plan Snapshot
- Plan Sponsor: Energy North, INC.
- Sponsor EIN: 042748522
- Sponsor Address: 2 INTERNATIONAL WAY, LAWRENCE, MA, 01843
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,011
- Total Assets: $23.7M
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 | 1,011 | $23.7M | $0 | $0 |
| 2024 | 942 | $19.1M | $1.1M | $2.2M |
| 2023 | 901 | $17.6M | $902,429 | $1.8M |
| 2022 | 784 | $13.7M | $703,344 | $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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $40,352 | — | $40,352 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $20,111 | — | $20,111 |
| RPW SOLUTIONS LLC | Investment Advisor | $20,111 | — | $20,111 |
| EMPOWER ADVISORY GROUP, LLC | Other Service Provider | $9,921 | — | $9,921 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $90,495
- Estimated Expense Ratio: 0.382% 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 | $2,222,067 | — | — | — | — |
| 2024 | $84,773 | — | — | — | — |
| 2023 | $65,448 | — | — | — | — |
| 2022 | $62,423 | $62,423 | — | — | — |