Plan Snapshot
- Plan Sponsor: Sullivan & Worcester LLP
- Sponsor EIN: 042387531
- Sponsor Address: ONE POST OFFICE SQUARE, BOSTON, MA, 02109
- Plan Type: DC
- Total Participants: 197
- Total Assets: $117.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 197 | $117.9M | $206,037 | $3.1M |
| 2023 | 191 | $108.1M | $184,630 | $3.0M |
| 2022 | 188 | $102.4M | $195,893 | $2.9M |
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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | Recordkeeper | $47,173 | — | $47,173 |
| WELCH & FORBES LLC | Other Service Provider | $30,552 | — | $30,552 |
| BIRCH HILL INVESTMENT ADVISORS | Other Service Provider | $10,157 | — | $10,157 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,882
- Estimated Expense Ratio: 0.075% 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 | $87,882 | $86,607 | — | — | — |
| 2023 | $75,647 | $73,747 | — | — | — |
| 2022 | $100,805 | $49,617 | — | — | — |