# Griffin Faculty Practice Plan, INC. 401(k) Plan
Source: https://planprovider.pro/companies/griffin-faculty-practice-plan-inc-401k-plan

> Griffin Faculty Practice Plan, INC.'s 401(k) plan: 113 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Griffin Faculty Practice Plan, INC.

- **Sponsor EIN:** 061463147

- **Sponsor Address:** 130 DIVISION STREET, DERBY, CT, 064181326

- **Plan Type:** 401(k)

- **Total Participants:** 113

- **Total Assets:** $21.2M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|113|$21.2M|$445,360|$1.5M|

| 2023|118|$17.4M|$501,870|$1.6M|

| 2022|127|$13.4M|$461,787|$1.4M|

## 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|

| WELLS THOMAS LLC|THIRD PARTY ADMIN|—|$9,315|$9,315|

| BAKER TILLY US LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BAKER TILLY US LLP](https://planprovider.pro/provider/baker-tilly-us-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $9,315

- **Estimated Expense Ratio:** 0.044% 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|$690|—|$490|—|—|

| 2023|$700|$700|—|—|—|

| 2022|$400|$400|—|—|—|

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