Plan Snapshot
- Plan Sponsor: Albatrans, INC.
- Sponsor EIN: 113299080
- Sponsor Address: 149-10 183RD STREET, JAMAICA, NY, 11413
- Plan Type: 401(k)
- Total Participants: 180
- Total Assets: $12.5M
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 | 180 | $12.5M | $349,575 | $675,628 |
| 2023 | 160 | $10.0M | $366,594 | $611,870 |
| 2022 | 142 | $7.9M | $246,308 | $452,200 |
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 |
|---|---|---|---|---|
| PLANTE MORAN, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $32,302 | $20,561 | — | — | — |
| 2023 | $29,026 | $16,466 | — | — | — |
| 2022 | $21,587 | — | $21,587 | — | — |