# Falvey Insurance Group Ltd DC Plan
Source: https://planprovider.pro/companies/falvey-insurance-group-ltd-plan-001

> Falvey Insurance Group Ltd's DC plan: 176 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/paychex) — 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|—|—|—|—|—|

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