Plan Snapshot
- Plan Sponsor: The Bank Of Canton
- Sponsor EIN: 200935064
- Sponsor Address: 490 TURNPIKE STREET, CANTON, MA, 02021
- Plan Type: 401(k)
- Total Participants: 108
- Total Assets: $31.0M
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 | 108 | $31.0M | $325,940 | $998,991 |
| 2023 | 109 | $27.6M | $297,116 | $909,309 |
| 2022 | 92 | $26.9M | $300,587 | $851,359 |
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 |
|---|---|---|---|---|
| JOHNSON OCONNOR FERON & CARUCCI LLP | Auditor | — | — | $0 |
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 | $350 | — | $350 | — | — |
| 2023 | $370 | — | $370 | — | — |
| 2022 | $250 | — | $250 | — | — |