Plan Snapshot
- Plan Sponsor: Northern Bank & Trust Company
- Sponsor EIN: 042265819
- Sponsor Address: 275 MISHAWUM ROAD, WOBURN, MA, 01801
- Plan Type: 401(k)
- Total Participants: 248
- Total Assets: $27.9M
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 | 248 | $27.9M | $526,917 | $2.2M |
| 2023 | 243 | $22.8M | $468,067 | $1.8M |
| 2022 | 215 | $19.6M | $389,347 | $1.7M |
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 |
|---|---|---|---|---|
| BAKER NEWMAN NOYES | 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 | $124,378 | $115,339 | $8,082 | — | — |
| 2023 | $97,579 | $89,823 | $6,961 | — | — |
| 2022 | $100,594 | $93,139 | $5,645 | — | — |