Plan Snapshot
- Plan Sponsor: General Linen Service, LLC
- Sponsor EIN: 020274879
- Sponsor Address: 75 CENTRE ROAD, SOMERSWORTH, NH, 03878
- Plan Type: 401(k)
- Total Participants: 70
- Total Assets: $5.9M
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 | 70 | $5.9M | $6,556 | $153,329 |
| 2023 | 62 | $5.3M | $9,776 | $104,085 |
| 2022 | 51 | $4.9M | $0 | $81,280 |
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 |
|---|---|---|---|---|
| BAKER NEWMAN & NOYES LLC | 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 | $28,232 | $1,112 | $27,120 | — | — |
| 2023 | $10,995 | $987 | $1,350 | — | — |
| 2022 | $12,719 | $1,085 | $11,634 | — | — |