Plan Snapshot
- Plan Sponsor: Sterling Corporation
- Sponsor EIN: 042890273
- Sponsor Address: 27 STERLING ROAD, BILLERICA, MA, 018622518
- Plan Type: 401(k)
- Total Participants: 132
- Total Assets: $18.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 132 | $18.6M | $98,534 | $827,089 |
| 2023 | 140 | $16.9M | $101,216 | $809,182 |
| 2022 | 132 | $15.2M | $94,697 | $758,942 |
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 | $106,133 | — | $102,808 | — | — |
| 2023 | $123,333 | $24,919 | $51,411 | — | — |
| 2022 | $99,585 | $22,463 | $22,646 | — | $50,614 |