Plan Snapshot
- Plan Sponsor: Sullivan Investment Co., INC.
- Sponsor EIN: 042682840
- Sponsor Address: 41 ACCORD PARK DRIVE, NORWELL, MA, 020611614
- Plan Type: 401(k)
- Total Participants: 1,331
- Total Assets: $102.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 1,331 | $102.9M | $1.1M | $5.8M |
| 2023 | 1,224 | $93.5M | $1.0M | $5.2M |
| 2022 | 1,148 | $79.2M | $1.2M | $4.6M |
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 |
|---|---|---|---|---|
| WITHUM SMITH AND BROWN PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUM SMITH AND BROWN PC — 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 | $444,099 | $13,198 | $332,846 | — | — |
| 2023 | $479,303 | $149,671 | $104,748 | — | — |
| 2022 | $139,936 | $61,318 | $65,000 | — | $13,618 |