Plan Snapshot
- Plan Sponsor: Parkinson Technologies, INC.
- Sponsor EIN: 050471241
- Sponsor Address: 100 GOLDSTEIN DRIVE, WOONSOCKET, RI, 02895
- Plan Type: 401(k)
- Total Participants: 56
- Total Assets: $12.5M
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 | 56 | $12.5M | $215,095 | $337,073 |
| 2023 | 68 | $12.0M | $219,882 | $413,180 |
| 2022 | 61 | $10.2M | $234,887 | $355,577 |
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 |
|---|---|---|---|---|
| WARD, FISHER & COMPANY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WARD, FISHER & COMPANY, LLP — Auditor
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 | $2,224,819 | — | $2,849 | — | — |
| 2023 | $837,539 | — | $3,374 | — | — |
| 2022 | $3,538 | — | — | — | — |