Plan Snapshot
- Plan Sponsor: Loftware, INC.
- Sponsor EIN: 010439980
- Sponsor Address: 249 CORPORATE DRIVE, PORTSMOUTH, NH, 03801
- Plan Type: 401(k)
- Total Participants: 201
- Total Assets: $24.8M
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 | 201 | $24.8M | $638,373 | $2.7M |
| 2023 | 209 | $22.1M | $691,498 | $2.5M |
| 2022 | 160 | $14.3M | $354,584 | $1.6M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $99,357 | — | $99,357 |
| COMMONWEALTH FINANCIAL NETWORK | Investment Advisor | — | $56,896 | $56,896 |
| NBT BANK, N.A. | Other Service Provider | — | $11,406 | $11,406 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $167,659
- Estimated Expense Ratio: 0.675% 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 | $99,358 | — | $99,358 | — | — |
| 2023 | $75,066 | — | $75,066 | — | — |
| 2022 | $59,092 | — | $57,913 | — | — |