Plan Snapshot
- Plan Sponsor: Monson Savings Bank
- Sponsor EIN: 562545442
- Sponsor Address: 146 MAIN STREET, MONSON, MA, 01057
- Plan Type: 401(k)
- Total Participants: 86
- Total Assets: $9.9M
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 | 86 | $9.9M | $366,404 | $475,339 |
| 2023 | 84 | $8.4M | $346,842 | $445,198 |
| 2022 | 89 | $6.8M | $316,536 | $391,041 |
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 OCONNOR 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 | $350 | — | $350 | — | — |
| 2023 | $550 | — | $550 | — | — |
| 2022 | $200 | — | $200 | — | — |