Plan Snapshot
- Plan Sponsor: J.H. Lynch & Sons, INC.
- Sponsor EIN: 050279873
- Sponsor Address: 50 LYNCH PLACE, CUMBERLAND, RI, 02864
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 93
- Total Assets: $40.1M
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 | 93 | $40.1M | $498,845 | $1.1M |
| 2023 | 91 | $37.9M | $472,690 | $1.1M |
| 2022 | 85 | $34.3M | $469,565 | $1.1M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS | Investment Advisor | $56,728 | — | $56,728 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $13,334 | — | $13,334 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS — Investment Advisor
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,062
- Estimated Expense Ratio: 0.175% 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 | $71,027 | $57,693 | — | — | — |
| 2023 | $72,800 | $56,912 | $300 | — | — |
| 2022 | $76,566 | $615 | — | — | — |