Plan Snapshot
- Plan Sponsor: Vicinity Energy, LLC
- Sponsor EIN: 383680309
- Sponsor Address: 100 FRANKLIN ST, BOSTON, MA, 02110
- Plan Type: 401(k)
- Total Participants: 547
- Total Assets: $99.4M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 547 | $99.4M | $2.4M | $5.9M |
| 2023 | 523 | $87.7M | $2.0M | $5.3M |
| 2022 | 483 | $75.8M | $2.1M | $4.8M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $40,712 | — | $40,712 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $13,962 | — | $13,962 |
| CARON & BLETZER, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- CARON & BLETZER, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,674
- Estimated Expense Ratio: 0.055% 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 | $67,526 | $13,962 | $300 | — | — |
| 2023 | $53,859 | $11,221 | — | — | — |
| 2022 | $59,522 | $1,116 | — | — | — |