Plan Snapshot
- Plan Sponsor: American Rock Salt Company LLC
- Sponsor EIN: 161516458
- Sponsor Address: P.O. BOX 190, MOUNT MORRIS, NY, 14510
- Plan Type: 401(k)
- Total Participants: 358
- Total Assets: $41.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 358 | $41.8M | $1.3M | $2.7M |
| 2023 | 358 | $38.0M | $1.3M | $2.6M |
| 2022 | 374 | $31.8M | $1.3M | $2.6M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $63,960 | — | $63,960 |
| THE WATERFORD GROUP LLC | ADVISOR | $44,000 | — | $44,000 |
| TOMPKINS FINANCIAL ADVISORS | INVESTMENT ADVISOR | $7,500 | — | $7,500 |
| INSERO & CO. CPAS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- INSERO & CO. CPAS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $115,460
- Estimated Expense Ratio: 0.276% 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 | $115,460 | $51,500 | — | — | — |
| 2023 | $98,710 | $44,000 | — | — | — |
| 2022 | $143,886 | — | — | — | — |