# Enterprise Bank And Trust Company 401(k) Plan
Source: https://planprovider.pro/companies/enterprise-bank-and-trust-company-401k-plan

> Enterprise Bank And Trust Company's 401(k) plan: 601 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/john-hancock) — RECORDKEEPER

- [BDMP ASSURANCE, LLP](https://planprovider.pro/provider/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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/enterprise-bank-and-trust-company-401k-plan)

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