Plan Snapshot
- Plan Sponsor: Kaloutas Painting
- Sponsor EIN: 043018131
- Sponsor Address: 49 ORCHARD HILL RD, NORTH ANDOVER, MA, 01845
- Plan Type: 401(k)
- Plan Number: 011
- Total Participants: 169
- Total Assets: $7.8M
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 | 169 | $7.8M | $0 | $0 |
| 2024 | 132 | $6.2M | $17,923 | $578,110 |
| 2023 | 126 | $5.2M | $234,116 | $559,420 |
| 2022 | 133 | $4.0M | $293,026 | $493,833 |
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 |
|---|---|---|---|---|
| RETIREMENT RESOURCES INV. CORP | Investment Advisor | $23,179 | — | $23,179 |
| SETAWAY LLC | Recordkeeper | $16,782 | — | $16,782 |
| THE VANGUARD GROUP, INC | Recordkeeper | $16,289 | — | $16,289 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,250
- Estimated Expense Ratio: 0.718% 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 | $262,783 | — | $51,450 | — | — |
| 2024 | $47,113 | — | $47,113 | — | — |
| 2023 | $40,519 | — | $40,519 | — | — |
| 2022 | $40,296 | — | $38,106 | — | — |