Plan Snapshot
- Plan Sponsor: Sound Seal, INC.
- Sponsor EIN: 464283000
- Sponsor Address: 50 ALMGREN DRIVE, AGAWAM, MA, 01001
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 0
- Total Assets: $0
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. |
|---|---|---|---|---|
| 2025 | 0 | $0 | $0 | $0 |
| 2024 | 240 | $11.1M | $850,617 | $1.1M |
| 2023 | 204 | $8.5M | $516,158 | $895,321 |
| 2022 | 244 | $7.1M | $454,322 | $845,454 |
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 |
|---|---|---|---|---|
| ASSOCIATED TRUST COMPANY, N.A. | Other Service Provider | $33,615 | — | $33,615 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,615
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 |
|---|---|---|---|---|---|
| 2025 | $343,970 | $23,064 | — | — | — |
| 2024 | $33,615 | $21,774 | — | — | — |
| 2023 | $26,389 | $17,954 | — | — | — |
| 2022 | $25,430 | $17,938 | — | — | — |