Plan Snapshot
- Plan Sponsor: Michael J. Connolly & Sons, INC.
- Sponsor EIN: 042268908
- Sponsor Address: 609 MAIN STREET, WALPOLE, MA, 02081
- Plan Type: 401(k)
- Total Participants: 277
- Total Assets: $4.9M
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 | 277 | $4.9M | $30,041 | $290,571 |
| 2023 | 280 | $5.0M | $24,089 | $243,701 |
| 2022 | 280 | $4.2M | $19,666 | $241,159 |
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 |
|---|---|---|---|---|
| JOHNSON O'CONNOR FERON &CARUCCI LLP | 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 | $15,786 | $755 | $15,031 | — | — |
| 2023 | $9,317 | $8,342 | — | — | — |
| 2022 | $8,808 | $7,883 | $925 | — | — |