Plan Snapshot
- Plan Sponsor: Envirobusiness, INC.
- Sponsor EIN: 043082605
- Sponsor Address: 21 B ST., BURLINGTON, MA, 01803
- Plan Type: 401(k)
- Total Participants: 428
- Total Assets: $48.7M
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. |
|---|---|---|---|---|
| 2024 | 428 | $48.7M | $378,173 | $2.8M |
| 2023 | 421 | $43.2M | $0 | $3.4M |
| 2022 | 573 | $38.0M | $0 | $3.9M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $65,499 | — | $65,499 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $18,307 | — | $18,307 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $15,261 | — | $15,261 |
| LPL FINANCIAL | Investment Advisor | $8,907 | — | $8,907 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
- GLOBAL RETIREMENT PARTNERS LLC — Investment Advisor
- LPL FINANCIAL — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $107,974
- Estimated Expense Ratio: 0.222% 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 | $107,974 | $42,475 | — | — | — |
| 2023 | $138,945 | $45,039 | — | $4,725 | — |
| 2022 | $75,240 | $17,428 | — | — | — |