Plan Snapshot
- Plan Sponsor: Abrams Fensterman, LLP
- Sponsor EIN: 113522661
- Sponsor Address: 3 DAKOTA DRIVE, SUITE 300, LAKE SUCCESS, NY, 11042
- Plan Type: 401(k)
- Total Participants: 295
- Total Assets: $21.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 295 | $21.2M | $529,574 | $1.8M |
| 2023 | 208 | $19.9M | $430,306 | $1.7M |
| 2022 | 206 | $19.8M | $403,590 | $1.4M |
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 |
|---|---|---|---|---|
| JEROME KRANTZ | Investment Advisor | $48,028 | — | $48,028 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $42,305 | — | $42,305 |
| PAVOL AND COMPANY CO. | Other Service Provider | $25,999 | — | $25,999 |
| ORENDA RETIREMENT LLC | Recordkeeper | $12,993 | $6,817 | $19,810 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $136,142
- Estimated Expense Ratio: 0.641% 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 |
|---|---|---|---|---|---|
| 2024 | $129,625 | — | $103,626 | $25,999 | — |
| 2023 | $119,950 | $47,856 | $48,048 | — | — |
| 2022 | $134,734 | — | $134,734 | — | — |