Plan Snapshot
- Plan Sponsor: Ora, LLC
- Sponsor EIN: 043174215
- Sponsor Address: 138 HAVERHILL STREET, ANDOVER, MA, 01810
- Plan Type: 401(k)
- Total Participants: 398
- Total Assets: $26.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 398 | $26.2M | $1.3M | $3.9M |
| 2023 | 346 | $21.4M | $889,958 | $2.9M |
| 2022 | 302 | $15.6M | $752,390 | $2.4M |
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 |
|---|---|---|---|---|
| KP LYNCH CPA PC | 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 | $7,382 | $3,782 | — | — | — |
| 2023 | $3,779 | $2,379 | — | — | — |
| 2022 | $3,132 | $807 | — | — | — |