Plan Snapshot
- Plan Sponsor: Medford Wellington Service Co., INC.
- Sponsor EIN: 042478203
- Sponsor Address: 9 EXECUTIVE PARK DRIVE, N. BILLERICA, MA, 018621318
- Plan Type: 401(k)
- Total Participants: 135
- Total Assets: $15.7M
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 | 135 | $15.7M | $352,317 | $1.2M |
| 2023 | 100 | $13.2M | $324,055 | $1.1M |
| 2022 | 127 | $10.2M | $271,193 | $879,204 |
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 |
|---|---|---|---|---|
| MORRIS & MORRIS, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $36,809 | $35,331 | — | — | — |
| 2023 | $1,056 | — | — | — | — |
| 2022 | $456 | — | — | — | — |