Plan Snapshot
- Plan Sponsor: Winchester Savings Bank
- Sponsor EIN: 041978230
- Sponsor Address: 661 MAIN STREEET, WINCHESTER, MA, 01890
- Plan Type: 401(k)
- Total Participants: 72
- Total Assets: $11.4M
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 | 72 | $11.4M | $206,643 | $528,361 |
| 2023 | 73 | $12.1M | $169,410 | $554,159 |
| 2022 | 70 | $10.3M | $74,420 | $487,196 |
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 |
|---|---|---|---|---|
| JOHNSON OCONNOR FERON & CARUCCI LLP | 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 | $240 | — | $240 | — | — |
| 2023 | $400 | — | $400 | — | — |
| 2022 | $400 | — | $400 | — | — |