# Harborone Bank 401(k) Plan
Source: https://planprovider.pro/companies/harborone-bank-401k-plan

> Harborone Bank's 401(k) plan: 407 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Harborone Bank

- **Sponsor EIN:** 041123040

- **Sponsor Address:** 770 OAK ST., BROCKTON, MA, 02301

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

- **Total Participants:** 407

- **Total Assets:** $80.3M

## 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|407|$80.3M|$976,542|$3.3M|

| 2023|398|$79.4M|$993,534|$3.4M|

| 2022|442|$79.4M|$1.3M|$3.3M|

## 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|

| JOHN HANCOCK|RETAINED BY EMPLOYER|$76,855|—|$76,855|

| MMA SECURITIES, LLC|INVESTMENT ADVISORY|$40,000|—|$40,000|

| GRAY, GRAY & GRAY|AUDITOR|$30,500|—|$30,500|

### Verified Provider Profiles

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

- [JOHN HANCOCK](https://planprovider.pro/provider/john-hancock) — RETAINED BY EMPLOYER

- [MMA SECURITIES, LLC](https://planprovider.pro/provider/lpl-financial-llc) — INVESTMENT ADVISORY

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $147,355

- **Estimated Expense Ratio:** 0.183% 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|$147,355|$40,000|$76,855|$30,500|—|

| 2023|$138,936|$40,000|$70,936|$28,000|—|

| 2022|$146,504|$45,212|$74,792|—|$26,500|

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