Plan Snapshot
- Plan Sponsor: Shorelight, LLC
- Sponsor EIN: 462010227
- Sponsor Address: WORLD TRADE CENTER EAST, BOSTON, MA, 02210
- Plan Type: 401(k)
- Total Participants: 275
- Total Assets: $22.7M
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 | 275 | $22.7M | $664,547 | $2.1M |
| 2023 | 231 | $18.0M | $697,488 | $2.1M |
| 2022 | 228 | $14.5M | $661,668 | $2.1M |
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 |
|---|---|---|---|---|
| FIRST REPUBLIC INVESTMENT MGMNT | ADVISOR | $45,675 | — | $45,675 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $45,587 | — | $45,587 |
| CARON AND BLETZER, PLLC | ACCOUNTANT/AUDITOR | $21,475 | — | $21,475 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $5,336 | — | $5,336 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- CARON AND BLETZER, PLLC — ACCOUNTANT/AUDITOR
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $118,073
- Estimated Expense Ratio: 0.520% 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 | $123,462 | $51,012 | — | $21,475 | — |
| 2023 | $81,683 | $39,148 | — | $2,725 | — |
| 2022 | $81,350 | $3,003 | — | — | — |