Plan Snapshot
- Plan Sponsor: New England Business Trust
- Sponsor EIN: 042780064
- Sponsor Address: 75 PARK PLAZA, BOSTON, MA, 021163941
- Plan Type: 401(k)
- Total Participants: 130
- Total Assets: $45.8M
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 | 130 | $45.8M | $496,230 | $1.9M |
| 2023 | 135 | $41.0M | $533,928 | $1.8M |
| 2022 | 143 | $36.0M | $441,126 | $1.6M |
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 |
|---|---|---|---|---|
| WS CPAS P.C. | 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 | $120,093 | $85,661 | $34,432 | — | — |
| 2023 | $109,375 | $78,798 | $30,577 | — | — |
| 2022 | $111,230 | $80,966 | $30,264 | — | — |