Plan Snapshot
- Plan Sponsor: Seacoast Affiliated Group Practice, INC.
- Sponsor EIN: 043485648
- Sponsor Address: 25 HIGHLAND AVENUE, NEWBURYPORT, MA, 01950
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 117
- Total Assets: $12.3M
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. |
|---|---|---|---|---|
| 2023 | 117 | $12.3M | $215,898 | $484,640 |
| 2022 | 92 | $10.7M | $155,860 | $472,661 |
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 |
|---|---|---|---|---|
| VALIC RETIREMENT SERVICES COMPANY | Other Service Provider | $18,103 | — | $18,103 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,103
- Estimated Expense Ratio: 0.147% 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 |
|---|---|---|---|---|---|
| 2023 | $18,103 | — | $18,103 | — | — |
| 2022 | $14,238 | — | $14,238 | — | — |