Plan Snapshot
- Plan Sponsor: Thomaston Savings Bank
- Sponsor EIN: 060561730
- Sponsor Address: 203 MAIN STREET, THOMASTON, CT, 06787
- Plan Type: 401(k)
- Total Participants: 253
- Total Assets: $25.7M
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 | 253 | $25.7M | $849,671 | $1.4M |
| 2023 | 228 | $23.8M | $642,771 | $1.4M |
| 2022 | 233 | $20.6M | $669,091 | $1.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $44,916 | — | $44,916 |
| THOMASTON SAVINGS BANK | Other Service Provider | $17,345 | — | $17,345 |
| USI ADVISORS INC | Investment Advisor | $15,030 | — | $15,030 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $10,917 | — | $10,917 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,208
- Estimated Expense Ratio: 0.343% 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 | $70,432 | $15,056 | — | — | — |
| 2023 | $46,341 | $10,000 | — | — | — |
| 2022 | $69,667 | $39,138 | $25,835 | — | $4,694 |