Plan Snapshot
- Plan Sponsor: Norwich Orthopedic Group, P.C.
- Sponsor EIN: 060870975
- Sponsor Address: 82 NEW PARK AVENUE, NORTH FRANKLIN, CT, 062541807
- Plan Type: 401(k)
- Total Participants: 123
- Total Assets: $32.8M
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 | 123 | $32.8M | $1.2M | $952,695 |
| 2023 | 133 | $26.9M | $1.3M | $965,669 |
| 2022 | 123 | $21.6M | $1.2M | $907,271 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $16,103 | — | $16,103 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $8,971 | — | $8,971 |
| CITRIN COOPERMAN & COMPANY LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $25,074
- Estimated Expense Ratio: 0.076% 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 | $25,554 | — | — | — | — |
| 2023 | $14,836 | — | — | — | — |
| 2022 | $10,072 | — | — | — | — |