Plan Snapshot
- Plan Sponsor: Fernandes Masonry, INC.
- Sponsor EIN: 043377972
- Sponsor Address: 1031 PHILLIPS ROAD, NEW BEDFORD, MA, 02745
- Plan Type: 401(k)
- Total Participants: 199
- Total Assets: $18.2M
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 | 199 | $18.2M | $2.2M | $276,002 |
| 2023 | 170 | $15.9M | $1.7M | $187,052 |
| 2022 | 134 | $13.6M | $1.4M | $162,235 |
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 |
|---|---|---|---|---|
| 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 | $54,900 | — | $54,900 | — | — |
| 2023 | $47,203 | — | — | — | — |
| 2022 | $50,011 | $50,011 | — | — | — |