Plan Snapshot
- Plan Sponsor: Prospect Waterbury, INC.
- Sponsor EIN: 812181470
- Sponsor Address: 64 ROBBINS STREET, WATERBURY, CT, 06721
- Plan Type: DB
- Total Participants: 317
- Total Assets: $21.0M
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 | 317 | $21.0M | $824,346 | $0 |
| 2023 | 319 | $21.9M | $727,770 | $0 |
| 2022 | 346 | $22.5M | $2.0M | $0 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $195,258 | — | $195,258 |
| BDO | ACCOUNTANT | $52,624 | — | $52,624 |
| GROOM LAW GROUP, CHARTERED | LEGAL | $23,319 | — | $23,319 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO — ACCOUNTANT
- GROOM LAW GROUP, CHARTERED — LEGAL
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $271,201
- Estimated Expense Ratio: 1.289% 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 | $908,510 | — | $195,258 | $52,624 | — |
| 2023 | $878,342 | — | $209,190 | — | — |
| 2022 | $787,986 | — | $164,242 | — | — |