Plan Snapshot
- Plan Sponsor: American Business Institute Co
- Sponsor EIN: 203133101
- Sponsor Address: 13107 40TH RD STE E15, FLUSHING, NY, 113545208
- Plan Type: 401(k)
- Total Participants: 10,683
- Total Assets: $6.2M
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 | 10,683 | $6.2M | $332,199 | $659,283 |
| 2023 | 11,382 | $12.5M | $985,947 | $1.1M |
| 2022 | 10,712 | $9.4M | $1.3M | $1.1M |
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 |
|---|---|---|---|---|
| FASTEN HALBERSTAM LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FASTEN HALBERSTAM LLP — Auditor
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 | $76,000 | $16,204 | $58,936 | — | — |
| 2023 | $39,170 | $26,145 | $12,165 | — | — |
| 2022 | $34,310 | $21,758 | $12,552 | — | — |