Plan Snapshot
- Plan Sponsor: Matouk Textile Works, INC.
- Sponsor EIN: 043009415
- Sponsor Address: 925 AIRPORT ROAD, FALL RIVER, MA, 02720
- Plan Type: 401(k)
- Total Participants: 259
- Total Assets: $10.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 259 | $10.9M | $435,134 | $753,337 |
| 2023 | 227 | $9.2M | $390,313 | $659,847 |
| 2022 | 228 | $7.4M | $343,822 | $585,278 |
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 |
|---|---|---|---|---|
| EDELMAN FINANCIAL ENGINES, LLC | CONTRACT ADMINISTRATOR | $45,332 | — | $45,332 |
| COHNREZNICK, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,332
- Estimated Expense Ratio: 0.415% 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 | $46,182 | — | $45,332 | — | — |
| 2023 | $72,643 | $13,725 | $26,092 | — | — |
| 2022 | $62,910 | $11,027 | $26,406 | — | $24,727 |