Plan Snapshot
- Plan Sponsor: Sumco Eco-Contracting, LLC
- Sponsor EIN: 260135998
- Sponsor Address: 2 CENTENNIAL DRIVE, PEABODY, MA, 01960
- Plan Type: 401(k)
- Total Participants: 53
- Total Assets: $10.0M
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 | 53 | $10.0M | $673,301 | $318,933 |
| 2023 | 53 | $9.5M | $549,568 | $299,125 |
| 2022 | 64 | $8.5M | $857,316 | $313,483 |
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 |
|---|---|---|---|---|
| LITMANGERSON ASSOCIATES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LITMANGERSON ASSOCIATES, LLP — 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 | $61,006 | $28,609 | $3,450 | — | — |
| 2023 | $57,088 | $26,527 | $3,700 | — | — |
| 2022 | $58,208 | $28,439 | $25,969 | — | $3,800 |