Plan Snapshot
- Plan Sponsor: Unifirst Corporation
- Sponsor EIN: 042103460
- Sponsor Address: 68 JONSPIN ROAD, WILMINGTON, MA, 018871090
- Plan Type: 401(k)
- Total Participants: 12,174
- Total Assets: $554.2M
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 | 12,174 | $554.2M | $19.1M | $25.0M |
| 2023 | 11,814 | $510.7M | $18.0M | $23.7M |
| 2022 | 11,487 | $452.3M | $16.6M | $22.3M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $674,885 | — | $674,885 |
| CAPFINANCIAL PARTNERS, LLC. | CONSULTANT | $110,912 | — | $110,912 |
| OGLETREE, DEAKINS, NASH, SMOAK & ST | OTHER | $44,385 | — | $44,385 |
| BAKER NEWMAN & NOYES LLC | AUDITOR | $29,400 | — | $29,400 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $859,582
- Estimated Expense Ratio: 0.155% 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 | $859,476 | $111,592 | — | $29,400 | — |
| 2023 | $784,612 | $107,681 | — | $28,000 | — |
| 2022 | $823,046 | — | — | — | — |