Plan Snapshot
- Plan Sponsor: Newton Montessori School INC. Dba Wellan Montess
- Sponsor EIN: 205197160
- Sponsor Address: 80 CRESCENT AVENUE, NEWTON, MA, 02459
- Plan Type: 403(b)
- Total Participants: 104
- Total Assets: $4.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 104 | $4.5M | $206,425 | $489,614 |
| 2023 | 109 | $4.1M | $163,347 | $411,912 |
| 2022 | 96 | $3.4M | $108,975 | $375,477 |
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 |
|---|---|---|---|---|
| COMMONWEALTH EQUITY SERVICES LLC | Investment Advisor | $14,941 | — | $14,941 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $8,542 | — | $8,542 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH EQUITY SERVICES LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,483
- Estimated Expense Ratio: 0.524% 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 | $39,613 | $14,991 | $354 | — | — |
| 2023 | $9,070 | — | $9,070 | — | — |
| 2022 | $2,035 | — | — | — | — |