Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › New England Fiduciary & Investment Management
New England Fiduciary & Investment Management 401(k)
- Finance and insurance
- Wakefield, MA
- EIN 04-1939290
- 1 plan with Schedule H financials
- Plan year 2024
- filed as The Savings Bank
Administrative expenses excluding investment management, per participant · Sbera 401(k) Plan AS Adopted by the Savings Bank · plan year 2024
$1.89
Higher than 1% of the 24,371 plans $10 to 50M that report it.
Source
= $250 / 132
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250730134715NAL0004180225001, received 2025-07-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730134715NAL0004180225001, received 2025-07-30
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-30.
Cost and contributions
Administrative expenses per participant
$1.89
Higher than 0% of the 25,098 plans $10 to 50M that report it.
Source
= $250 / 132
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250730134715NAL0004180225001, received 2025-07-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730134715NAL0004180225001, received 2025-07-30
Administrative expenses as a share of assets
0.001%
Higher than 0% of the 25,132 plans $10 to 50M that report it.
Source
= $250 / $21,974,492
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250730134715NAL0004180225001, received 2025-07-30
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250730134715NAL0004180225001, received 2025-07-30
Employer contributions per participant
$2,150
Higher than 52% of the 24,050 plans $10 to 50M that report it.
Source
= $283,766 / 132
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250730134715NAL0004180225001, received 2025-07-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730134715NAL0004180225001, received 2025-07-30
Employer share of total contributions
24.9%
Higher than 40% of the 24,084 plans $10 to 50M that report it.
Source
= $283,766 / $1,140,268
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250730134715NAL0004180225001, received 2025-07-30
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250730134715NAL0004180225001, received 2025-07-30
Plan terms, as stated in New England Fiduciary & Investment Management's SEC filings
Plan terms are not published in public filings.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 3D IRS pre-approved plan · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250730134715NAL0004180225001, received 2025-07-30
Full record, Sbera 401(k) Plan AS Adopted by the Savings Bank
| Field | Value | Source |
|---|---|---|
| Plan sponsor | THE SAVINGS BANK | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Plan name | SBERA 401(K) PLAN AS ADOPTED BY THE SAVINGS BANK | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Sponsor EIN / plan number | 04-1939290 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Sponsor location | WAKEFIELD, MA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Industry (business code) | 522120, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Filing received | 2025-07-30 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Participants, beginning of year | 148 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Active participants | 103 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Participants, end of year | 152 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Participants with an account balance | 132 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Total assets, beginning of year | $19,340,953 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Total assets, end of year | $21,974,492 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Net assets, end of year | $21,974,492 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Total income | $3,839,002 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Net income | $2,633,539 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Employer contributions | $283,766 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Participant contributions | $802,254 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Other contributions (incl. rollovers) | $54,248 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Total contributions | $1,140,268 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Benefit payments | $1,205,213 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Total expenses (incl. benefit payments) | $1,205,463 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Total administrative expenses | $250 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Contract administrator fees | $250 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Administrative expenses excluding investment management | $250 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Held in common/collective trusts | $21,812,357 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250730134715NAL0004180225001, received 2025-07-30 |
| Independent auditor | JOHNSON OCONNOR FERON & CARUCCI LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250730134715NAL0004180225001, received 2025-07-30 |
Position = column in the DOL layout for form year 2024. Filing 20250730134715NAL0004180225001, received 2025-07-30.
Service providers paid directly by the plan
No Schedule C line 2 providers are listed on this filing.
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250730134715NAL0004180225001, received 2025-07-30.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $19,340,953 | $21,974,492 | 13.6% |
| Participants with a balance | 131 | 132 | 0.8% |
| Administrative expenses | $450 | $250 | -44.4% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $274,599 | $283,766 | 3.3% |
Prior filing 20240730072154NAL0043095666001, received 2024-07-30; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: THE SAVINGS BANK; SEC registrant: NEW ENGLAND FIDUCIARY & INVESTMENT MANAGEMENT (CIK 1134154, matched by EIN).