Plan Snapshot
- Plan Sponsor: Greenfield Savings Bank
- Sponsor EIN: 810669576
- Sponsor Address: PO BOX 1537, GREENFIELD, MA, 01302
- Plan Type: 401(k)
- Total Participants: 203
- Total Assets: $24.7M
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 | 203 | $24.7M | $525,136 | $971,245 |
| 2023 | 203 | $21.2M | $413,161 | $896,645 |
| 2022 | 197 | $19.0M | $374,418 | $996,390 |
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 |
|---|---|---|---|---|
| WOLF & COMPANY, P.C. | 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 | $4,275 | — | $4,075 | — | — |
| 2023 | $1,750 | — | $1,550 | — | — |
| 2022 | $1,325 | — | — | — | — |