Plan Snapshot
- Plan Sponsor: Healthworks Fitness Centers, INC
- Sponsor EIN: 043340949
- Sponsor Address: 35 WHITE STREET, CAMBRIDGE, MA, 02140
- Plan Type: 401(k)
- Total Participants: 175
- Total Assets: $10.9M
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 | 175 | $10.9M | $122,214 | $634,260 |
| 2023 | 163 | $8.9M | $49,895 | $540,153 |
| 2022 | 160 | $8.1M | $0 | $479,312 |
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 |
|---|---|---|---|---|
| WALDRON H. RAND & 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 | $62,227 | $32,888 | — | — | — |
| 2023 | $60,363 | $27,533 | — | — | — |
| 2022 | $58,873 | — | — | — | — |