Plan Snapshot
- Plan Sponsor: Photonis Scientific, INC.
- Sponsor EIN: 232999112
- Sponsor Address: 660 MAIN STREET, STURBRIDGE, MA, 01566
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 56
- Total Assets: $253,331
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 56 | $253,331 | $996,187 | $246,694 |
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 |
|---|---|---|---|---|
| BBA OF MA | Other Service Provider | $44,900 | — | $44,900 |
| E. K. MCCONKEY & CO., INC. | Investment Advisor | $21,083 | — | $21,083 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,983
- Estimated Expense Ratio: 26.046% 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 | $1,357,618 | — | — | — | — |