Plan Snapshot
- Plan Sponsor: Gorton'S INC.
- Sponsor EIN: 043575531
- Sponsor Address: 128 ROGERS STREET, GLOUCESTER, MA, 01930
- Plan Type: DB
- Total Participants: 72
- Total Assets: $54.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 72 | $54.4M | $0 | $0 |
| 2023 | 82 | $58.6M | $0 | $0 |
| 2022 | 76 | $59.3M | $0 | $0 |
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 |
|---|---|---|---|---|
| MAMACOS, BYSIEWICZ & ASSOCIATES LLC | Auditor | $6,000 | — | $6,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,000
- Estimated Expense Ratio: 0.011% 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 | $187,542 | — | $84,473 | $6,000 | — |
| 2023 | $261,126 | — | $76,641 | $8,089 | — |
| 2022 | $120,090 | — | $45,668 | — | — |