Plan Snapshot
- Plan Sponsor: America Works Of New York, INC.
- Sponsor EIN: 043030234
- Sponsor Address: 228 E 45TH ST FL 16, NEW YORK, NY, 10017
- Plan Type: 401(k)
- Total Participants: 242
- Total Assets: $9.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 242 | $9.2M | $318,982 | $695,948 |
| 2023 | 150 | $8.5M | $279,407 | $652,450 |
| 2022 | 133 | $7.4M | $266,028 | $566,831 |
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 |
|---|---|---|---|---|
| DDK & COMPANY LLP | Auditor | $21,000 | — | $21,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,000
- Estimated Expense Ratio: 0.229% 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 | $70,492 | $24,999 | — | $21,000 | — |
| 2023 | $68,433 | $24,422 | — | $21,000 | — |
| 2022 | $69,281 | $6,629 | — | — | — |