Plan Snapshot
- Plan Sponsor: Wayne J. Griffin Electric, INC
- Sponsor EIN: 042650465
- Sponsor Address: 116 HOPPING BROOK ROAD, HOLLISTON, MA, 01746
- Plan Type: 401(k)
- Total Participants: 1,307
- Total Assets: $220.2M
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 | 1,307 | $220.2M | $3.4M | $11.7M |
| 2023 | 1,389 | $190.9M | $3.3M | $10.9M |
| 2022 | 1,355 | $154.6M | $3.1M | $10.0M |
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 |
|---|---|---|---|---|
| CITRIN COOPERMAN & COMPANY LLP | Auditor | $5,250 | — | $5,250 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,250
- Estimated Expense Ratio: 0.002% 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 | $51,372 | $104,079 | $300 | $5,250 | — |
| 2023 | $63,151 | $81,689 | — | $16,250 | — |
| 2022 | $79,598 | $20,225 | — | — | — |