Plan Snapshot
- Plan Sponsor: Acara Solutions, INC.
- Sponsor EIN: 160852507
- Sponsor Address: 250 INTERNATIONAL DRIVE, WILLIAMSVILLE, NY, 142215700
- Plan Type: 401(k)
- Total Participants: 3,076
- Total Assets: $24.6M
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 | 3,076 | $24.6M | $81,562 | $2.4M |
| 2023 | 4,248 | $24.8M | $129,155 | $2.4M |
| 2022 | 4,064 | $25.1M | $0 | $3.4M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $103,505 | — | $103,505 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | — | $20,925 | $20,925 |
| WELLTH ADVISORY SERVICES, LLC | Investment Advisor | — | $6,975 | $6,975 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $131,405
- Estimated Expense Ratio: 0.534% 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 | $103,505 | — | $103,505 | — | — |
| 2023 | $124,241 | $10,277 | $113,964 | — | — |
| 2022 | $92,267 | — | $92,267 | — | — |