Plan Snapshot
- Plan Sponsor: Fairfield Processing Corporation
- Sponsor EIN: 060642407
- Sponsor Address: 88 ROSE HILL AVENUE, DANBURY, CT, 06813
- Plan Type: 401(k)
- Total Participants: 120
- Total Assets: $7.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 120 | $7.1M | $111,962 | $320,451 |
| 2023 | 144 | $6.6M | $120,566 | $358,323 |
| 2022 | 158 | $5.9M | $94,972 | $398,158 |
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 |
|---|---|---|---|---|
| ROCKEFELLER FINANCIAL LLC | Investment Advisor | $33,433 | — | $33,433 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $32,193 | — | $32,193 |
| THE BENEFIT PRACTICE | Recordkeeper | $5,450 | $3,343 | $8,793 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $74,419
- Estimated Expense Ratio: 1.050% 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 | $71,076 | — | $71,076 | — | — |
| 2023 | $47,670 | — | $47,670 | — | — |
| 2022 | $47,403 | — | $47,403 | — | — |