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Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan10/01/1990
  • Net Assets as of 12/31/2019 $46,339,004
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants488
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits69
  • Subtotal558
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total560
  • Total number of participants as of 01/01/2019508
  • Number of participants with account balances516
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0


  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address975 University Avenue
  • CityNorwood
  • StateMA
  • Zip02062
  • Telephone(617) 440-1936
  • EIN04-1941600
  • Industry Code312140
  • Named AdministratorLindsay Allan

Audit Information

  • Audit StatusAudited
  • AuditorBlum Shapiro & Company, P.C.
  • Auditor EIN06-1009205
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No


Income and Expense Statement

Income $12,101,503
Contributions $4,217,245
Cash Contributions $4,217,245
Cash from Employers $0
Cash from Participants $2,871,310
Others (including rollovers) $1,345,935
Noncash Contributions $0
Total Earnings on Investments $7,884,258
Total Interest $63,635
Interest-Bearing Cash $40,877
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $22,758
Interest from Other Investments $0
Total Dividends $2,247,343
Preferred Stock $0
Common Stock $28,593
Rents $0
Net gain (loss) on sale of assets $6,681
Aggregate Proceeds $20,746
Aggregate Carrying Amount $14,065
Total Unrealized Appreciation (depreciation) of assets $316,339
Real Estate $0
Other $316,339
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $5,250,260
Other Income $0
Expenses $1,788,689
Total Benefit Payments $1,749,547
Directly to participants or beneficiaries, including direct rollovers $1,749,547
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $14,021
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $25,121
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $20,877
Other Administrative Fees $4,244
Net Income $10,312,814
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $46,339,004 $36,026,190 28.63%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $3,492,136 $1,927,260 81.20%
Interest-bearing cash $3,492,136 $1,927,260 81.20%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $1,650,650 $1,284,033 28.55%
Preferred $0 $0 0.0%
Common $1,650,650 $1,284,033 28.55%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $538,877 $368,835 46.10%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $40,657,341 $32,446,062 25.31%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $46,339,004 $36,026,190 28.63%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Strategic Advisors, Inc. Investment advisory (plan) Advisor $20,877 $0 $20,877
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $4,476 $0 $4,476
Total $25,353 $0 $25,353

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Calv Us Lg Cp Cri I - Dst Asset Ma Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Cohen & Steers Rlty - Boston Finan Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Col Sm Cap Index I2 - Columbia Mgt Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Doubleline Core Fi I - U.S. Bancor Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Driehaus Em Grth Is - Bny Mellon I Sub-transfer agency fees 0.12% $0
Fidelity Investments Institutional Ls Global Alloc Y - Dst Asset Mana Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Oakmark Intl Inv - Dst Asset Manag Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Trp Cap Appreciation - T. Rowe Pri Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Trp Emg Mkt Bond - T. Rowe Price S Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Vrts N Ms St Bond I - Virtus Fund Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Dfa International Core Equity Sub-transfer agency fees 0.02% $0
Fidelity Investments Institutional Dfa Us Core Equity I Sub-transfer agency fees 0.02% $0
Fidelity Investments Institutional Wavelength Interest Rate Neutral F Sub-transfer agency fees 0.10% $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.



No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.