# American Business Institute Co 401(k) Plan
Source: https://planprovider.pro/companies/american-business-institute-co-401k-plan

> American Business Institute Co&#39;s 401(k) plan: 10,683 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| PAYCHEX, INC.|RECORDKEEPER|$52,505|—|$52,505|

| LPL FINANCIAL|ADVISOR|$16,196|—|$16,196|

| ERISA FIDUCIARY SERVICES, INC.|CONTRACT ADMINISTRATOR|$6,300|—|$6,300|

| FASTEN HALBERSTAM LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [PAYCHEX, INC.](https://planprovider.pro/provider/paychex) — RECORDKEEPER

- [FASTEN HALBERSTAM LLP](https://planprovider.pro/provider/fasten-halberstam-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $75,001

- **Estimated Expense Ratio:** 1.218% 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|$76,000|$16,204|$58,936|—|—|

| 2023|$39,170|$26,145|$12,165|—|—|

| 2022|$34,310|$21,758|$12,552|—|—|

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