Plan Snapshot
- Plan Sponsor: Sonesta Plan Administration Committee
- Sponsor EIN: 660959552
- Sponsor Address: 400 CENTRE STREET, NEWTON, MA, 02458
- Plan Type: 401(k)
- Total Participants: 260
- Total Assets: $1.6M
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 | 260 | $1.6M | $183,105 | $309,790 |
| 2023 | 266 | $954,079 | $169,052 | $280,614 |
| 2022 | 164 | $436,988 | $156,413 | $263,174 |
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 |
|---|---|---|---|---|
| PEDRO M LOPEZ MALDONADO, CPA | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $7,009 | — | $7,009 | — | — |
| 2023 | $4,633 | — | $4,633 | — | — |
| 2022 | $1,506 | — | $1,506 | — | — |