Plan Snapshot
- Plan Sponsor: Falvey Linen Supply, INC.
- Sponsor EIN: 050137694
- Sponsor Address: 50 BURNHAM AVENUE, CRANSTON, RI, 02910
- Plan Type: 401(k)
- Total Participants: 317
- Total Assets: $17.8M
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. |
|---|---|---|---|---|
| 2024 | 317 | $17.8M | $1.6M | $468,461 |
| 2023 | 265 | $14.9M | $651,171 | $453,626 |
| 2022 | 259 | $12.1M | $536,186 | $440,927 |
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 |
|---|---|---|---|---|
| KAHN, LITWIN, RENZA & CO., LTD | 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 |
|---|---|---|---|---|---|
| 2024 | $33,465 | $4,167 | $2,212 | — | — |
| 2023 | $38,893 | $10,000 | $28,893 | — | — |
| 2022 | $25,252 | — | — | — | — |