Plan Snapshot
- Plan Sponsor: Plumbers' Supply Company
- Sponsor EIN: 041733280
- Sponsor Address: 922 FLAHERTY DRIVE PO BOX 51687, NEW BEDFORD, MA, 02745
- Plan Type: 401(k)
- Total Participants: 289
- Total Assets: $46.1M
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 | 289 | $46.1M | $2.5M | $1.5M |
| 2023 | 282 | $37.7M | $2.7M | $1.4M |
| 2022 | 272 | $29.4M | $2.1M | $1.2M |
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 |
|---|---|---|---|---|
| ROCKLAND TRUST | Investment Advisor | $64,317 | — | $64,317 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $44,721 | — | $44,721 |
| MCGLADREY LLP | Auditor | $32,130 | — | $32,130 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $141,168
- Estimated Expense Ratio: 0.306% 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 | $142,828 | $65,977 | — | $32,130 | — |
| 2023 | $121,037 | $62,159 | — | $18,900 | — |
| 2022 | $129,771 | $58,493 | $39,358 | — | $31,920 |