Plan Snapshot
- Plan Sponsor: Independent Pipe & Supply Corp
- Sponsor EIN: 042264738
- Sponsor Address: 6 WHITMAN RD, CANTON, MA, 020212706
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 129
- Total Assets: $1.7M
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 | 129 | $1.7M | $0 | $0 |
| 2024 | 103 | $13.5M | $264,700 | $547,231 |
| 2023 | 95 | $13.1M | $235,932 | $479,342 |
| 2022 | 103 | $11.0M | $451,724 | $384,642 |
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 |
|---|---|---|---|---|
| CARON & BLETZER PLLC | Auditor | $16,159 | — | $16,159 |
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $14,786 | — | $14,786 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $8,096 | — | $8,096 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,041
- Estimated Expense Ratio: 2.300% 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 | $13,034,759 | $8,096 | — | $16,159 | — |
| 2024 | $42,717 | $16,008 | — | — | — |
| 2023 | $38,375 | $1,983 | — | — | — |
| 2022 | $44,018 | — | — | — | — |