Plan Snapshot
- Plan Sponsor: Shawmut LLC
- Sponsor EIN: 830963693
- Sponsor Address: 208 MANLEY ST, WEST BRIDGEWATER, MA, 02379
- Plan Type: 401(k)
- Total Participants: 414
- Total Assets: $27.8M
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 | 414 | $27.8M | $673,736 | $1.8M |
| 2023 | 429 | $24.9M | $573,191 | $1.6M |
| 2022 | 312 | $22.4M | $626,620 | $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 |
|---|---|---|---|---|
| RAPHAEL & RAPHAEL LLP | Auditor | $29,400 | — | $29,400 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,400
- Estimated Expense Ratio: 0.106% 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 | $51,863 | $9,207 | $1,200 | $29,400 | — |
| 2023 | $15,161 | $8,062 | — | — | — |
| 2022 | $20,200 | $8,393 | — | — | — |