Plan Snapshot
- Plan Sponsor: Haemonetics Corporation
- Sponsor EIN: 042882273
- Sponsor Address: 125 SUMMER STREET, BOSTON, MA, 02110
- Plan Type: 401(k)
- Total Participants: 1,238
- Total Assets: $276.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,238 | $276.2M | $8.9M | $15.0M |
| 2023 | 1,254 | $239.3M | $7.7M | $12.9M |
| 2022 | 1,087 | $195.7M | $6.5M | $10.9M |
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 |
|---|---|---|---|---|
| GRAY, GRAY & GRAY LLP | 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 | $346,172 | $60,551 | $280,560 | — | — |
| 2023 | $362,369 | $66,101 | $272,518 | $23,750 | — |
| 2022 | $353,556 | $43,325 | $267,481 | — | $42,750 |