Plan Snapshot
- Plan Sponsor: Savage Arms, INC.
- Sponsor EIN: 760246017
- Sponsor Address: 100 SPRINGDALE ROAD, WESTFIELD, MA, 01085
- Plan Type: 401(k)
- Total Participants: 226
- Total Assets: $6.0M
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 | 226 | $6.0M | $228,706 | $387,755 |
| 2023 | 312 | $5.9M | $288,735 | $497,592 |
| 2022 | 341 | $5.3M | $338,978 | $538,012 |
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 | $34,516 | — | — | — | — |
| 2023 | $32,560 | $21,863 | $10,697 | — | — |
| 2022 | $28,946 | — | $7,360 | — | $21,586 |