Plan Snapshot
- Plan Sponsor: Alerislife, INC.
- Sponsor EIN: 043516029
- Sponsor Address: 255 WASHINGTON STREET SUITE 230, NEWTON, MA, 02458
- Plan Type: 401(k)
- Total Participants: 8,551
- Total Assets: $128.3M
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 | 8,551 | $128.3M | $6.5M | $11.8M |
| 2023 | 9,596 | $126.2M | $7.0M | $12.9M |
| 2022 | 9,391 | $107.4M | $483,340 | $13.2M |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | Auditor | $28,840 | — | $28,840 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,840
- Estimated Expense Ratio: 0.022% 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 | $574,195 | $181,054 | — | $28,840 | — |
| 2023 | $541,875 | $225,371 | — | $25,750 | — |
| 2022 | $515,192 | $240,312 | $274,409 | — | — |