Plan Snapshot
- Plan Sponsor: Moynihan-North Reading Lumber, INC.
- Sponsor EIN: 042261995
- Sponsor Address: 164 CHESTNUT STREET, NORTH READING, MA, 01864
- Plan Type: DC
- Total Participants: 132
- Total Assets: $11.6M
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 | 132 | $11.6M | $200,000 | $128,867 |
| 2023 | 128 | $11.7M | $460,027 | $143,074 |
| 2022 | 134 | $10.7M | $823,911 | $129,299 |
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 |
|---|---|---|---|---|
| FORVIS MAZARS, LLP | Auditor | $26,250 | — | $26,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,250
- Estimated Expense Ratio: 0.226% 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 | $115,271 | $57,683 | $31,338 | $26,250 | — |
| 2023 | $106,766 | $76,217 | $5,020 | $24,440 | — |
| 2022 | $99,996 | $72,475 | $5,305 | — | $20,161 |