Plan Snapshot
- Plan Sponsor: Velcro Usa INC.
- Sponsor EIN: 132597668
- Sponsor Address: 95 SUNDIAL AVENUE, MANCHESTER, NH, 03103
- Plan Type: 401(k)
- Total Participants: 726
- Total Assets: $108.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 726 | $108.4M | $3.1M | $5.2M |
| 2023 | 660 | $97.4M | $2.8M | $4.9M |
| 2022 | 709 | $90.3M | $2.8M | $4.7M |
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 |
|---|---|---|---|---|
| CARON & BLETZER, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARON & BLETZER, PLLC — Auditor
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 | $45,270 | $34,420 | — | — | — |
| 2023 | $40,045 | $30,879 | — | — | — |
| 2022 | $40,912 | $31,231 | — | — | — |