Plan Snapshot
- Plan Sponsor: Excelitas Technologies
- Sponsor EIN: 611624649
- Sponsor Address: 1 FORTUNE DRIVE, BILLERICA, MA, 01821
- Plan Type: 401(k)
- Total Participants: 1,037
- Total Assets: $173.7M
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 | 1,037 | $173.7M | $4.8M | $9.4M |
| 2023 | 899 | $137.4M | $4.3M | $7.9M |
| 2022 | 972 | $113.9M | $4.2M | $7.4M |
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 |
|---|---|---|---|---|
| G.T. REILLY | Auditor | $10,300 | — | $10,300 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,300
- Estimated Expense Ratio: 0.006% 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 | $172,017 | $120,000 | — | $10,300 | — |
| 2023 | $183,050 | $120,000 | $300 | $7,900 | — |
| 2022 | $199,428 | — | — | — | — |