Plan Snapshot
- Plan Sponsor: Monarch Life Insurance Company
- Sponsor EIN: 041630650
- Sponsor Address: 330 WHITNEY AVENUE, SUITE 500, HOLYOKE, MA, 01040
- Plan Type: 401(k)
- Total Participants: 32
- Total Assets: $38.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 32 | $38.3M | $0 | $381,070 |
| 2023 | 34 | $39.7M | $0 | $360,893 |
| 2022 | 37 | $37.0M | $0 | $351,891 |
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 |
|---|---|---|---|---|
| MEYERS BROTHERS KALICKA | NONE | $15,400 | — | $15,400 |
| MEYERS BROTHERS KALICKA, P.C. | Auditor | $15,400 | — | $15,400 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,800
- Estimated Expense Ratio: 0.080% 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 | $17,948 | — | — | $15,400 | — |
| 2023 | $15,795 | — | — | $15,000 | — |
| 2022 | $16,668 | — | — | — | $15,663 |