Plan Snapshot
- Plan Sponsor: Sps New England, INC.
- Sponsor EIN: 042741165
- Sponsor Address: 98 ELM STREET, SALISBURY, MA, 01952
- Plan Type: 401(k)
- Total Participants: 272
- Total Assets: $42.2M
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 | 272 | $42.2M | $0 | $1.8M |
| 2023 | 238 | $39.7M | $0 | $1.6M |
| 2022 | 315 | $36.1M | $0 | $1.8M |
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 |
|---|---|---|---|---|
| LITMAN GERSON ASSOCIATES LLP DBA LG | Auditor | $19,000 | — | $19,000 |
| NEXT FINANCIAL GROUP INC | Investment Advisor | — | $17,400 | $17,400 |
| LEAFHOUSE FINANCIAL ADVISORS, LLC | Investment Advisor | $16,601 | — | $16,601 |
| THE ANGELL PENSION GROUP INC | Other Service Provider | $6,488 | $10,000 | $16,488 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $11,578 | — | $11,578 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $81,067
- Estimated Expense Ratio: 0.192% 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 | $25,136 | — | — | — | — |
| 2023 | $50,114 | $23,676 | $4,875 | $21,000 | — |
| 2022 | $42,442 | — | — | — | — |