# The Lowell Five Cent Savings Bank 401(k) Plan
Source: https://planprovider.pro/companies/the-lowell-five-cent-savings-bank-401k-plan

> The Lowell Five Cent Savings Bank's 401(k) plan: 190 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Lowell Five Cent Savings Bank

- **Sponsor EIN:** 453131005

- **Sponsor Address:** 30 INTERNATIONAL PLACE, TEWKSBURY, MA, 01876

- **Plan Type:** 401(k)

- **Total Participants:** 190

- **Total Assets:** $34.3M

## 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|190|$34.3M|$589,085|$1.3M|

| 2023|182|$29.8M|$554,808|$1.1M|

| 2022|181|$24.4M|$521,358|$1.0M|

## 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|$1,090|—|$1,090|—|—|

| 2023|$1,020|—|$1,020|—|—|

| 2022|$1,480|—|$1,480|—|—|

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