Plan Snapshot
- Plan Sponsor: Savage Arms, INC.
- Sponsor EIN: 760246017
- Sponsor Address: 100 SPRINGDALE ROAD, WESTFIELD, MA, 01085
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $14.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 119 | $14.4M | $440,289 | $612,484 |
| 2023 | 125 | $13.2M | $416,930 | $728,509 |
| 2022 | 136 | $10.9M | $561,101 | $729,998 |
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 |
|---|---|---|---|---|
| WOLF & COMPANY, PC | 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 | $25,701 | — | — | — | — |
| 2023 | $20,818 | $13,875 | $6,943 | — | — |
| 2022 | $22,054 | $18,002 | $4,052 | — | — |