Plan Snapshot
- Plan Sponsor: Action For A Better Community, INC.
- Sponsor EIN: 160902835
- Sponsor Address: 400 WEST AVENUE, 3RD FLOOR,, ROCHESTER, NY, 14611
- Plan Type: 403(b)
- Total Participants: 248
- Total Assets: $8.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 248 | $8.5M | $482,784 | $339,497 |
| 2023 | 268 | $8.1M | $105,340 | $335,509 |
| 2022 | 277 | $7.4M | $431,762 | $345,333 |
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 |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | Recordkeeper | $34,556 | — | $34,556 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,556
- Estimated Expense Ratio: 0.407% 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 | $34,556 | — | $34,556 | — | — |
| 2023 | $33,834 | — | $33,834 | — | — |
| 2022 | $40,695 | — | $38,574 | — | $2,121 |