# Falvey Linen Supply, INC. 401(k) Plan
Source: https://planprovider.pro/companies/falvey-linen-supply-inc-401k-plan

> Falvey Linen Supply, INC.'s 401(k) plan: 317 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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