# Northern Bank & Trust Company 401(k) Plan
Source: https://planprovider.pro/companies/northern-bank-trust-company-401k-plan

> Northern Bank & Trust Company's 401(k) plan: 248 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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