Plan Snapshot
- Plan Sponsor: The Fay School
- Sponsor EIN: 042103573
- Sponsor Address: 48 MAIN STREET, SOUTHBOROUGH, MA, 01772
- Plan Type: 403(b)
- Total Participants: 148
- Total Assets: $40.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 148 | $40.2M | $977,083 | $1.1M |
| 2023 | 148 | $35.1M | $925,686 | $985,544 |
| 2022 | 138 | $30.1M | $807,327 | $963,206 |
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 |
|---|---|---|---|---|
| CLIFTONLARSENALLEN | Auditor | $10,625 | — | $10,625 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSENALLEN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,625
- Estimated Expense Ratio: 0.026% 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 | $16,341 | $332 | — | $10,625 | — |
| 2023 | $10,240 | — | — | $4,654 | — |
| 2022 | $14,642 | — | — | — | $14,642 |