Plan Snapshot
- Plan Sponsor: Hemenway & Barnes LLP
- Sponsor EIN: 041433295
- Sponsor Address: 75 STATE STREET, 16TH FLOOR, BOSTON, MA, 021091466
- Plan Type: DC
- Total Participants: 131
- Total Assets: $68.3M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 131 | $68.3M | $2.1M | $2.0M |
| 2023 | 132 | $59.7M | $2.0M | $1.9M |
| 2022 | 124 | $50.0M | $1.7M | $1.7M |
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 |
|---|---|---|---|---|
| ICAPITAL, LLC | NONE | $109,869 | — | $109,869 |
| ALERUS FINANCIAL, N.A. | NONE | $18,152 | — | $18,152 |
| LEE & CROWLEY, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A. — NONE
- LEE & CROWLEY, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $128,021
- Estimated Expense Ratio: 0.188% 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 | $128,021 | $109,869 | — | — | — |
| 2023 | $116,144 | $90,051 | — | — | — |
| 2022 | $114,754 | $100,269 | — | — | — |