Plan Snapshot
- Plan Sponsor: Icp Construction, INC.
- Sponsor EIN: 041143180
- Sponsor Address: 150 DASCOMB ROAD, ANDOVER, MA, 01810
- Plan Type: 401(k)
- Total Participants: 714
- Total Assets: $46.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 714 | $46.8M | $2.1M | $4.0M |
| 2023 | 783 | $42.9M | $2.1M | $4.7M |
| 2022 | 1,026 | $45.3M | $2.7M | $5.2M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $137,173 | — | $137,173 |
| COMPASS 360 | Other Service Provider | $71,058 | — | $71,058 |
| GRAY GRAY & GRAY, LLP | Auditor | $30,000 | — | $30,000 |
| MMA SECURITIES LLC | Investment Advisor | $30,000 | — | $30,000 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $15,645 | — | $15,645 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $283,876
- Estimated Expense Ratio: 0.606% 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 | $274,427 | — | $274,427 | — | — |
| 2023 | $249,591 | $249,591 | — | — | — |
| 2022 | $224,823 | $224,823 | — | — | — |