Plan Snapshot
- Plan Sponsor: Gosnold, INC.
- Sponsor EIN: 042502970
- Sponsor Address: 200 TER HEUN DRIVE, FALMOUTH, MA, 02540
- Plan Type: 403(b)
- Total Participants: 304
- Total Assets: $8.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 304 | $8.3M | $124,695 | $693,455 |
| 2023 | 303 | $7.9M | $148,826 | $737,657 |
| 2022 | 343 | $7.4M | $147,249 | $759,103 |
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 |
|---|---|---|---|---|
| MMA SECURITIES LLC | INVESTMENT ADVISOR | $23,983 | — | $23,983 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $17,440 | — | $17,440 |
| COMPASS 360 | CONTRACT ADMIN | $4,800 | $7,994 | $12,794 |
| CITRIN COOPERMAN & COMPANY, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,217
- Estimated Expense Ratio: 0.653% 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 | $71,347 | — | $71,347 | — | — |
| 2023 | $41,036 | — | $41,036 | — | — |
| 2022 | $39,870 | — | — | — | $39,870 |