# The Claflin Company 401(k) Plan
Source: https://planprovider.pro/companies/the-claflin-company-401k-plan

> The Claflin Company's 401(k) plan: 83 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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