Plan Snapshot
- Plan Sponsor: Vicor Corporation
- Sponsor EIN: 042742817
- Sponsor Address: 400 FEDERAL STREET, ANDOVER, MA, 01810
- Plan Type: 401(k)
- Total Participants: 941
- Total Assets: $186.4M
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 | 941 | $186.4M | $2.2M | $9.0M |
| 2023 | 943 | $173.8M | $2.3M | $8.7M |
| 2022 | 961 | $151.3M | $2.2M | $8.6M |
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 | $209,089 | — | $209,089 |
| MMA SECURITIES LLC | INVESTMENT ADVISOR | $65,000 | — | $65,000 |
| CBIZ CPAS P.C. | AUDITOR | $30,188 | — | $30,188 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MMA SECURITIES LLC — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $304,277
- Estimated Expense Ratio: 0.163% 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 | $253,722 | $65,000 | $46,063 | $30,188 | — |
| 2023 | $279,486 | $65,918 | $185,223 | $28,088 | — |
| 2022 | $305,588 | $65,000 | $213,000 | — | $12,338 |