Plan Snapshot
- Plan Sponsor: National Development Associates Of New England, INC.
- Sponsor EIN: 043142739
- Sponsor Address: 2310 WASHINGTON STREET, NEWTON LOWER FALLS, MA, 021621449
- Plan Type: 401(k)
- Total Participants: 227
- Total Assets: $72.6M
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 | 227 | $72.6M | $1.0M | $2.9M |
| 2023 | 239 | $70.3M | $1.0M | $3.1M |
| 2022 | 289 | $60.1M | $1.1M | $3.1M |
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 |
|---|---|---|---|---|
| CAMBRIDGE INVESTMENT RESEARCH | Other Service Provider | — | $54,216 | $54,216 |
| ARDITO TOSCANO AND MCCOLLUM PC | Other Service Provider | $40,000 | — | $40,000 |
| NATIONWIDE | Insurance Carrier | $35,572 | — | $35,572 |
| IRON FIDUCIARY | Investment Advisor | $28,372 | — | $28,372 |
| JOHNSON O'CONNOR FERON & CARUCCI LL | Other Service Provider | $22,169 | — | $22,169 |
| NATIONWIDE LIFE INSURANCE COMPANY | Recordkeeper | $7,093 | — | $7,093 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — Insurance Carrier
- NATIONWIDE LIFE INSURANCE COMPANY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $187,422
- Estimated Expense Ratio: 0.258% 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 | $97,741 | — | — | — | — |
| 2023 | $165,093 | — | — | — | — |
| 2022 | $136,853 | — | — | — | — |