Plan Snapshot
- Plan Sponsor: Father Bill'S & Mainspring, INC.
- Sponsor EIN: 222538039
- Sponsor Address: 430 BELMONT STREET, BROCKTON, MA, 02301
- Plan Type: 401(k)
- Total Participants: 316
- Total Assets: $6.4M
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 | 316 | $6.4M | $359,687 | $326,240 |
| 2023 | 276 | $5.2M | $370,674 | $305,677 |
| 2022 | 243 | $4.0M | $348,371 | $263,263 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $35,740 | — | $35,740 |
| COHNREZNICK LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,740
- Estimated Expense Ratio: 0.555% 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 | $35,740 | — | — | — | — |
| 2023 | $27,186 | $1,892 | — | — | — |
| 2022 | $15,244 | — | $15,244 | — | — |