Plan Snapshot
- Plan Sponsor: The Claflin Company
- Sponsor EIN: 050375691
- Sponsor Address: 455 WARWICK INDUSTRIAL DRIVE, WARWICK, RI, 02886
- Plan Type: 401(k)
- Total Participants: 83
- Total Assets: $10.6M
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 | 83 | $10.6M | $10,938 | $937,485 |
| 2023 | 401 | $36.8M | $804,687 | $2.5M |
| 2022 | 414 | $29.8M | $741,073 | $2.2M |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | Auditor | $17,325 | — | $17,325 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,325
- Estimated Expense Ratio: 0.163% 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 | $64,305 | $53,416 | — | $17,325 | — |
| 2023 | $84,604 | $72,607 | — | $15,225 | — |
| 2022 | $63,431 | — | — | — | — |