Plan Snapshot
- Plan Sponsor: Lafrance Brothers, INC.
- Sponsor EIN: 042187931
- Sponsor Address: 66 STATE ROAD, WESTPORT, MA, 02790
- Plan Type: 401(k)
- Total Participants: 351
- Total Assets: $9.9M
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. |
|---|---|---|---|---|
| 2024 | 351 | $9.9M | $264,818 | $552,989 |
| 2023 | 318 | $8.2M | $257,437 | $511,495 |
| 2022 | 305 | $6.5M | $201,233 | $401,103 |
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 |
|---|---|---|---|---|
| ROCKLAND TRUST CO. | INVESTMENT/FINANCIAL ADVI | $33,893 | — | $33,893 |
| ADP, INC. | RECORD KEEPER | $22,756 | — | $22,756 |
| PKF O'CONNOR DAVIES LLP | ACCOUNTANT | $11,600 | — | $11,600 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- PKF O'CONNOR DAVIES LLP — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,249
- Estimated Expense Ratio: 0.686% 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 | $51,303 | $28,547 | — | — | — |
| 2023 | $45,308 | $24,366 | — | — | — |
| 2022 | $39,175 | — | — | — | — |