Plan Snapshot
- Plan Sponsor: Erving Industries, INC.
- Sponsor EIN: 041291330
- Sponsor Address: 97 EAST MAIN STREET, ERVING, MA, 01344
- Plan Type: 401(k)
- Total Participants: 121
- Total Assets: $21.9M
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 | 121 | $21.9M | $415,766 | $828,738 |
| 2023 | 123 | $20.5M | $394,791 | $764,271 |
| 2022 | 119 | $17.7M | $362,146 | $702,783 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $31,159 | — | $31,159 |
| OCONNOR DAVIES, | Recordkeeper | $20,600 | — | $20,600 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- OCONNOR DAVIES, — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,759
- Estimated Expense Ratio: 0.236% 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 | $19,284 | $17,479 | — | — | — |
| 2023 | $11,956 | $11,006 | — | — | — |
| 2022 | $13,654 | — | — | — | — |