Plan Snapshot
- Plan Sponsor: Shrewsbury Nursing & Rehabilitation Center, INC.
- Sponsor EIN: 042449835
- Sponsor Address: 40 JULIO DRIVE, SHREWSBURY, MA, 015453010
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 211
- Total Assets: $2.5M
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 | 211 | $2.5M | $37,513 | $272,784 |
| 2022 | 211 | $2.1M | $39,846 | $300,507 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK LIFE INSURANCE CO. | Recordkeeper | $12,890 | — | $12,890 |
| COMMONWEALTH FINANCIAL NETWORK | Investment Advisor | $7,683 | — | $7,683 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE CO. — Recordkeeper
- COMMONWEALTH FINANCIAL NETWORK — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,573
- Estimated Expense Ratio: 0.820% 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 | $22,473 | $7,683 | $12,690 | — | — |
| 2022 | $21,428 | $7,374 | $9,239 | — | — |