Plan Snapshot
- Plan Sponsor: Helfrich Bros Boiler Works, INC.
- Sponsor EIN: 042280630
- Sponsor Address: 39 MERRIMACK STREET, LAWRENCE, MA, 018431436
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 396
- Total Assets: $11.9M
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. |
|---|---|---|---|---|
| 2025 | 396 | $11.9M | $0 | $0 |
| 2024 | 522 | $10.2M | $449,873 | $1.2M |
| 2023 | 325 | $8.2M | $459,849 | $1.1M |
| 2022 | 289 | $6.2M | $377,360 | $975,605 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $49,840 | — | $49,840 |
| ALLIANCEBERNSTEIN L.P. | Investment Advisor | — | $25,202 | $25,202 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,042
- Estimated Expense Ratio: 0.629% 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 |
|---|---|---|---|---|---|
| 2025 | $2,545,101 | — | $49,841 | — | — |
| 2024 | $13,708 | — | $13,708 | — | — |
| 2023 | $7,936 | — | — | — | — |
| 2022 | $4,946 | — | — | — | — |