Plan Snapshot
- Plan Sponsor: Welch Senior Living, LLC
- Sponsor EIN: 814769421
- Sponsor Address: 1050 HINGHAM STREET, ROCKLAND, MA, 02370
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 557
- Total Assets: $13.0M
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. |
|---|---|---|---|---|
| 2025 | 557 | $13.0M | $0 | $0 |
| 2024 | 487 | $12.3M | $78,195 | $650,319 |
| 2023 | 411 | $11.3M | $74,227 | $612,248 |
| 2022 | 425 | $10.2M | $70,310 | $580,689 |
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 |
|---|---|---|---|---|
| HERITAGE PENSION SERVICES, INC | Recordkeeper | $85,286 | — | $85,286 |
| CARON & BLETZER, PLLC | Auditor | $17,425 | — | $17,425 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $102,711
- Estimated Expense Ratio: 0.790% 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 |
|---|---|---|---|---|---|
| 2025 | $1,706,062 | — | — | $14,600 | — |
| 2024 | $101,989 | $83,635 | — | $14,500 | — |
| 2023 | $89,871 | $73,541 | — | $13,600 | — |
| 2022 | $92,231 | $27,314 | — | — | $10,795 |