Plan Snapshot
- Plan Sponsor: Falvey Insurance Group Ltd
- Sponsor EIN: 272098797
- Sponsor Address: 66 WHITECAP DR, NORTH KINGSTOWN, RI, 028527450
- Plan Type: DC
- Total Participants: 176
- Total Assets: $18.2M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 176 | $18.2M | $501,323 | $1.2M |
| 2023 | 145 | $14.8M | $378,208 | $986,125 |
| 2022 | 131 | $12.2M | $329,160 | $796,235 |
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 | INVESTMENT ADVISORY PLAN | $36,907 | — | $36,907 |
| PAYCHEX, INC. | RECORDKEEPER | $19,226 | — | $19,226 |
| SANSIVERI,KIMBALL AND CO.,LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,133
- Estimated Expense Ratio: 0.308% 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 | $56,204 | $36,907 | $19,226 | — | — |
| 2023 | $49,961 | $30,484 | $19,477 | — | — |
| 2022 | — | — | — | — | — |