Plan Snapshot
- Plan Sponsor: Servicenet, INC.
- Sponsor EIN: 042526194
- Sponsor Address: 21 OLANDER DRIVE, NORTHAMPTON, MA, 01060
- Plan Type: 401(k)
- Total Participants: 1,854
- Total Assets: $30.7M
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 | 1,854 | $30.7M | $1.0M | $2.2M |
| 2023 | 1,629 | $26.8M | $900,210 | $1.9M |
| 2022 | 1,532 | $23.6M | $834,790 | $1.8M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $135,092 | — | $135,092 |
| THE ANGELL PENSION GROUP, INC. | Other Service Provider | $35,224 | — | $35,224 |
| MORGAN STANLEY | Investment Advisor | $30,950 | — | $30,950 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $9,364 | — | $9,364 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $210,630
- Estimated Expense Ratio: 0.686% 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 | $210,630 | $40,314 | — | — | — |
| 2023 | $186,902 | — | — | — | — |
| 2022 | $191,294 | — | — | — | — |