Plan Snapshot
- Plan Sponsor: Springwell, INC.
- Sponsor EIN: 042616064
- Sponsor Address: 307 WAVERLY OAKS ROAD, WALTHAM, MA, 02452
- Plan Type: 401(k)
- Plan Number: 004
- Total Participants: 261
- Total Assets: $14.7M
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 | 261 | $14.7M | $812,406 | $1.0M |
| 2023 | 236 | $11.8M | $806,079 | $839,116 |
| 2022 | 219 | $9.7M | $886,040 | $712,640 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS, LLC | Investment Advisor | $34,711 | — | $34,711 |
| EMPOWER ANNUITY INSURANCE | Recordkeeper | $29,759 | — | $29,759 |
| RPW SOLUTIONS, LLC. | Recordkeeper | $13,510 | — | $13,510 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $77,980
- Estimated Expense Ratio: 0.531% 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 | $77,980 | $34,711 | $13,510 | — | — |
| 2023 | $57,066 | — | — | — | — |
| 2022 | $61,337 | — | — | — | — |