Plan Snapshot
- Plan Sponsor: Strategic Risk Solutions, INC
- Sponsor EIN: 043199991
- Sponsor Address: 2352 MAIN STREET, CONCORD, MA, 01742
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 168
- Total Assets: $32.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 168 | $32.4M | $0 | $0 |
| 2024 | 118 | $25.7M | $589,904 | $1.7M |
| 2023 | 90 | $19.9M | $461,732 | $1.3M |
| 2022 | 95 | $15.7M | $433,530 | $1.2M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $31,598 | — | $31,598 |
| STRATEGIC ADVISERS LLC | Investment Advisor | $15,256 | — | $15,256 |
| GUIDANCE POINT RETIREMENT SERVICES | Investment Advisor | $10,000 | — | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,854
- Estimated Expense Ratio: 0.175% 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 |
|---|---|---|---|---|---|
| 2025 | $1,014,204 | $25,256 | — | — | — |
| 2024 | $35,398 | $8,365 | — | — | — |
| 2023 | $934,189 | — | — | — | — |
| 2022 | $43,636 | — | — | — | — |