Plan Snapshot
- Plan Sponsor: Global Risk Consultants Corp.
- Sponsor EIN: 311762026
- Sponsor Address: 401 EDGEWATER PLACE SUITE 500, WAKEFIELD, MA, 01880
- Plan Type: DC
- Plan Number: 001
- Total Participants: 284
- Total Assets: $42.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2023 | 284 | $42.8M | $632,175 | $2.4M |
| 2022 | 255 | $35.9M | $621,976 | $2.1M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT & ANNUITY CO. | Other Service Provider | $40,637 | — | $40,637 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,637
- Estimated Expense Ratio: 0.095% 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 |
|---|---|---|---|---|---|
| 2023 | $47,342 | — | — | — | — |
| 2022 | $16,146 | — | — | — | $16,146 |