# Springfield Area Transit Co INC 401(k) Plan
Source: https://planprovider.pro/companies/springfield-area-transit-co-inc-043572241-003

> Springfield Area Transit Co INC's 401(k) plan: 313 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Springfield Area Transit Co INC

- **Sponsor EIN:** 043572241

- **Sponsor Address:** 665 COTTAGE STREET, SPRINGFIELD, MA, 01104

- **Plan Type:** 401(k)

- **Plan Number:** 003

- **Total Participants:** 313

- **Total Assets:** $7.4M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **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|313|$7.4M|$0|$436,037|

| 2023|297|$7.2M|$0|$423,006|

| 2022|298|$7.3M|$0|$405,730|

## 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|

| MERRILL LYNCH PIERCE FENNER & SMITH|Investment Advisor|$17,163|—|$17,163|

| EMPOWER ANNUITY INSURANCE COMPANY|Recordkeeper|$14,716|—|$14,716|

| PASI, LLC|Other Service Provider|$2,185|$3,460|$5,645|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $37,524

- **Estimated Expense Ratio:** 0.507% 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|$34,946|—|$34,946|—|—|

| 2023|$32,444|—|—|—|—|

| 2022|$46,272|$40,949|$5,323|—|—|

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