Plan Snapshot
- Plan Sponsor: Lawton Welding Co., INC.
- Sponsor EIN: 043251635
- Sponsor Address: 240 BOSTON STREET, TOPSFIELD, MA, 01983
- Plan Type: 401(k)
- Total Participants: 127
- Total Assets: $11.3M
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 | 127 | $11.3M | $414,240 | $807,837 |
| 2023 | 127 | $9.7M | $507,725 | $753,921 |
| 2022 | 131 | $7.6M | $592,978 | $685,692 |
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 LLC | INVESTMENT ADVISOR | $31,213 | — | $31,213 |
| EMPOWER ANNUITY INS CO OF AMERICA | RECORDKEEPER | $17,618 | — | $17,618 |
| LEE AND CROWLEY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEE AND CROWLEY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,831
- Estimated Expense Ratio: 0.431% 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 | $32,014 | — | — | — | — |
| 2023 | $22,396 | — | — | — | — |
| 2022 | — | — | — | — | — |