Plan Snapshot
- Plan Sponsor: Nference, INC.
- Sponsor EIN: 461833049
- Sponsor Address: 1 MAIN ST, CAMBRIDGE, MA, 02142
- Plan Type: 401(k)
- Total Participants: 92
- Total Assets: $6.7M
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 | 92 | $6.7M | $0 | $1.4M |
| 2023 | 162 | $5.3M | $0 | $1.6M |
| 2022 | 165 | $3.0M | $0 | $1.3M |
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 |
|---|---|---|---|---|
| MAZARS USA, LLP | 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 | $847,054 | — | $19,664 | — | — |
| 2023 | $345,755 | — | $10,932 | — | — |
| 2022 | $565 | — | — | — | — |