Plan Snapshot
- Plan Sponsor: New England Dermatology, P.C.
- Sponsor EIN: 042507134
- Sponsor Address: 3455 MAIN ST. SUITE 5, SPRINGFIELD, MA, 01107
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 85
- Total Assets: $25.3M
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 | 85 | $25.3M | $718,408 | $621,240 |
| 2023 | 82 | $22.9M | $723,557 | $657,160 |
| 2022 | 90 | $17.9M | $662,268 | $655,036 |
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 |
|---|---|---|---|---|
| ALLIANCE BERNSTEIN L.P. | Investment Advisor | $50,574 | — | $50,574 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $29,794 | — | $29,794 |
| CARON & BLETZER, PLLC | Other Service Provider | $12,000 | — | $12,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,368
- Estimated Expense Ratio: 0.365% 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 | $95,028 | $50,574 | $2,660 | — | — |
| 2023 | $41,125 | $17,351 | $9,319 | $10,800 | — |
| 2022 | $23,312 | — | $13,212 | — | $10,100 |