Plan Snapshot
- Plan Sponsor: Alcott Hr Group, LLC
- Sponsor EIN: 261638437
- Sponsor Address: 71 EXECUTIVE BLVD, FARMINGDALE, NY, 117354709
- Plan Type: 401(k)
- Plan Number: 503
- Total Participants: 7,358
- Total Assets: $10.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 7,358 | $10.5M | $10.7M | $28.7M |
| 2023 | 6,068 | $8.7M | $26.1M | $8.9M |
| 2022 | 5,868 | $6.8M | $23.8M | $8.5M |
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 |
|---|---|---|---|---|
| ALCOTT HR GROUP LLC | Other Service Provider | $724,713 | — | $724,713 |
| AHR AGENCY | Other Service Provider | $273,908 | — | $273,908 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $998,621
- Estimated Expense Ratio: 9.482% 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 | $1,029,541 | — | — | $23,250 | — |
| 2023 | $684,838 | — | — | $22,150 | — |
| 2022 | $601,143 | $579,498 | — | — | $21,645 |