Plan Snapshot
- Plan Sponsor: New England Electrical Workers Money Purchase Plan And Trust
- Sponsor EIN: 060962207
- Sponsor Address: 321 RESEARCH PARKWAY, SUITE 110, MERIDEN, CT, 06450
- Plan Type: DC
- Total Participants: 10,678
- Total Assets: $870.3M
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 | 10,678 | $870.3M | $75.1M | $0 |
| 2023 | 9,637 | $746.0M | $68.8M | $0 |
| 2022 | 8,403 | $607.5M | $65.7M | $0 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK | Recordkeeper | $363,398 | — | $363,398 |
| ZENITH AMERICAN SOLUTIONS | Other Service Provider | $90,200 | — | $90,200 |
| NOVAK FRANCELLA LLC | Auditor | $72,247 | — | $72,247 |
| SOLXSYS ADMINISTRATIVE SOLUTIONS LL | Other Service Provider | $68,000 | — | $68,000 |
| ROBERT M.CHEVERIE & ASSOC.P.C. | Other Service Provider | $63,600 | — | $63,600 |
| MORGAN STANLEY | Recordkeeper | $55,000 | — | $55,000 |
| THE SEGAL COMPANY | Other Service Provider | $7,976 | — | $7,976 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — Recordkeeper
- NOVAK FRANCELLA LLC — Auditor
- MORGAN STANLEY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $720,421
- Estimated Expense Ratio: 0.083% 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 | $790,473 | $333,074 | $158,200 | $48,581 | — |
| 2023 | $738,256 | $325,081 | $134,850 | $45,475 | — |
| 2022 | $711,515 | $288,177 | $132,575 | — | $197,362 |