Plan Snapshot
- Plan Sponsor: Sovos Compliance, LLC
- Sponsor EIN: 461379693
- Sponsor Address: 200 BALLARDVALE STREET, WILMINGTON, MA, 01887
- Plan Type: 401(k)
- Total Participants: 818
- Total Assets: $93.6M
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 | 818 | $93.6M | $2.4M | $8.5M |
| 2023 | 907 | $78.1M | $2.4M | $8.6M |
| 2022 | 978 | $60.1M | $2.2M | $7.5M |
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 |
|---|---|---|---|---|
| CARON & BLETZER, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARON & BLETZER, PLLC — Auditor
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 | $176,874 | $25,300 | — | — | — |
| 2023 | $142,329 | $23,473 | $300 | — | — |
| 2022 | $122,673 | $19,857 | — | — | — |