Plan Snapshot
- Plan Sponsor: Polar Corp.
- Sponsor EIN: 043026575
- Sponsor Address: 1001 SOUTHBRIDGE ST, WORCESTER, MA, 01610
- Plan Type: 401(k)
- Total Participants: 1,905
- Total Assets: $102.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,905 | $102.4M | $1.2M | $9.0M |
| 2023 | 1,758 | $91.1M | $1.1M | $7.8M |
| 2022 | 1,639 | $75.7M | $1.0M | $6.4M |
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 |
|---|---|---|---|---|
| BOLLUS & LYNCH LLP | 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 | $267,138 | — | — | — | — |
| 2023 | $261,617 | — | — | — | — |
| 2022 | $260,570 | $260,570 | — | — | — |