Plan Snapshot
- Plan Sponsor: Webster Five Cents Savings Bank
- Sponsor EIN: 041953630
- Sponsor Address: 35 MILLBURY STREET, AUBURN, MA, 01501
- Plan Type: 401(k)
- Total Participants: 139
- Total Assets: $31.9M
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 | 139 | $31.9M | $855,996 | $1.1M |
| 2023 | 138 | $27.9M | $826,272 | $1.0M |
| 2022 | 139 | $24.4M | $785,480 | $947,320 |
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 |
|---|---|---|---|---|
| WOLF & COMPANY, P.C. | Auditor | — | — | $0 |
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 | $32,532 | — | — | — | — |
| 2023 | $28,333 | — | $300 | — | — |
| 2022 | $37,720 | — | — | — | — |