Plan Snapshot
- Plan Sponsor: The Washington Trust Company, Of Westerly
- Sponsor EIN: 050235370
- Sponsor Address: P.O. BOX 512, WESTERLY, RI, 02891
- Plan Type: 401(k)
- Total Participants: 641
- Total Assets: $143.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 641 | $143.0M | $4.0M | $6.8M |
| 2023 | 650 | $131.0M | $3.4M | $6.9M |
| 2022 | 623 | $106.9M | $3.1M | $6.3M |
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 |
|---|---|---|---|---|
| CITRIN COOPERMAN & COMPANY LLP | Auditor | $9,555 | — | $9,555 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,555
- Estimated Expense Ratio: 0.007% 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 | $147,335 | $31,426 | $300 | $9,555 | — |
| 2023 | $110,239 | $30,842 | — | — | — |
| 2022 | $11,497 | $38,071 | — | — | — |