Plan Snapshot
- Plan Sponsor: Fall River Five Cents Savings Bank
- Sponsor EIN: 412178171
- Sponsor Address: 79 NORTH MAIN STREET, FALL RIVER, MA, 02720
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 298
- Total Assets: $32.1M
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. |
|---|---|---|---|---|
| 2025 | 298 | $32.1M | $0 | $0 |
| 2024 | 184 | $27.6M | $838,459 | $1.3M |
| 2023 | 204 | $24.1M | $982,297 | $1.3M |
| 2022 | 207 | $19.8M | $973,994 | $1.3M |
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 |
|---|---|---|---|---|
| JOHNSON OCONNOR FERON & CARUCCI LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 |
|---|---|---|---|---|---|
| 2025 | $2,313,984 | — | $1,250 | — | — |
| 2024 | $1,240 | — | $1,240 | — | — |
| 2023 | $1,189 | — | $1,189 | — | — |
| 2022 | $1,150 | — | $1,150 | — | — |