Plan Snapshot
- Plan Sponsor: Enterprise Bank And Trust Company
- Sponsor EIN: 042993547
- Sponsor Address: 222 MERRIMACK STREET, LOWELL, MA, 01852
- Plan Type: 401(k)
- Total Participants: 601
- Total Assets: $128.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 601 | $128.1M | $2.2M | $6.2M |
| 2023 | 592 | $111.5M | $2.0M | $5.8M |
| 2022 | 574 | $91.9M | $1.9M | $5.2M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK | RECORDKEEPER | $82,574 | — | $82,574 |
| BERRY DUNN MCNEIL & PARKER, LLC | RETAINED BY EMPLOYER | $6,000 | — | $6,000 |
| BDMP ASSURANCE, LLP | Auditor | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — RECORDKEEPER
- BDMP ASSURANCE, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,574
- Estimated Expense Ratio: 0.074% 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 | $88,574 | — | $82,574 | $6,000 | — |
| 2023 | $85,414 | $16,000 | $63,914 | $5,500 | — |
| 2022 | $73,772 | — | $62,772 | — | $11,000 |