Plan Snapshot
- Plan Sponsor: Rhode Island Novelty
- Sponsor EIN: 050421400
- Sponsor Address: 350 COMMERCE DR, FALL RIVER, MA, 027204746
- Plan Type: 401(k)
- Total Participants: 170
- Total Assets: $21.1M
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 | 170 | $21.1M | $194,616 | $959,655 |
| 2023 | 166 | $17.9M | $87,216 | $858,199 |
| 2022 | 159 | $14.8M | $81,848 | $791,252 |
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 |
|---|---|---|---|---|
| CARON & BLETZER PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARON & BLETZER PLLC — 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 | $17,980 | $500 | $16,620 | — | — |
| 2023 | $20,769 | $500 | $19,409 | — | — |
| 2022 | $25,762 | $500 | $18,029 | — | $7,233 |