Plan Snapshot
- Plan Sponsor: Granite Telecommunications, LLC
- Sponsor EIN: 043643290
- Sponsor Address: 1 HERITAGE DR, QUINCY, MA, 02171
- Plan Type: 401(k)
- Total Participants: 1,979
- Total Assets: $198.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 1,979 | $198.4M | $4.7M | $13.8M |
| 2023 | 2,191 | $166.8M | $4.9M | $14.1M |
| 2022 | 2,054 | $129.7M | $4.6M | $13.0M |
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 | $143,336 | — | $143,336 |
| MORGAN STANLEY | INVESTMENT ADVISOR | $109,463 | — | $109,463 |
| DELOITTE & TOUCHE LLP | AUDITOR | $50,000 | — | $50,000 |
| CITRIN COOPERMAN & COMPANY, LLP | AUDITOR | $21,750 | — | $21,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
- MORGAN STANLEY — INVESTMENT ADVISOR
- DELOITTE & TOUCHE LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $324,549
- Estimated Expense Ratio: 0.164% 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 | $324,549 | $109,463 | — | $71,750 | — |
| 2023 | $220,346 | $91,028 | — | $5,000 | — |
| 2022 | $212,274 | $95,000 | — | — | — |