Plan Snapshot
- Plan Sponsor: Flexcon Company, INC
- Sponsor EIN: 042266945
- Sponsor Address: 1 FLEXCON INDUSTRIAL PARK, SPENCER, MA, 01562
- Plan Type: 401(k)
- Total Participants: 977
- Total Assets: $172.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 977 | $172.7M | $3.4M | $6.3M |
| 2023 | 938 | $176.8M | $3.3M | $6.3M |
| 2022 | 1,007 | $165.1M | $3.3M | $6.6M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $108,653 | — | $108,653 |
| GREENBERG ROSENBLATT KULL & BITSOLI | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $108,653
- Estimated Expense Ratio: 0.063% 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 | $108,653 | — | — | — | — |
| 2023 | $111,373 | — | — | $38,500 | — |
| 2022 | $195,834 | — | — | — | $43,811 |