Plan Snapshot
- Plan Sponsor: Scientific Systems Company, INC.
- Sponsor EIN: 043053085
- Sponsor Address: 77 SOUTH BEDFORD STREET, BURLINGTON, MA, 018035115
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 99
- Total Assets: $25.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 99 | $25.7M | $509,864 | $1.8M |
| 2023 | 118 | $22.5M | $489,498 | $1.8M |
| 2022 | 115 | $18.0M | $1.3M | $1.6M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY INS SVCS INC | Investment Advisor | $58,339 | — | $58,339 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $31,498 | — | $31,498 |
| JOHNSON O'CONNOR FERON CARUCCI LLP | Other Service Provider | $6,274 | — | $6,274 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,111
- Estimated Expense Ratio: 0.374% 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 | $96,111 | — | — | — | — |
| 2023 | $47,664 | — | — | — | — |
| 2022 | $57,351 | $48,752 | — | — | $8,599 |