Plan Snapshot
- Plan Sponsor: American Transit Insurance Company
- Sponsor EIN: 132724937
- Sponsor Address: 1 METROTECH CENTER, BROOKLYN, NY, 11201
- Plan Type: 401(k)
- Total Participants: 525
- Total Assets: $34.7M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 525 | $34.7M | $0 | $2.2M |
| 2023 | 563 | $30.0M | $0 | $1.7M |
| 2022 | 568 | $25.7M | $0 | $1.6M |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP LLC | Investment Advisor | $68,669 | — | $68,669 |
| PRIVATE ADVISOR GROUP LLC | Investment Advisor | $48,842 | — | $48,842 |
| SIDE BY SIDE FINANCIALS INC | Other Service Provider | $25,459 | — | $25,459 |
| EMPOWER LIFE & ANNUITY INSURANCE | Recordkeeper | $16,420 | — | $16,420 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $159,390
- Estimated Expense Ratio: 0.460% 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 | $161,518 | — | $161,518 | — | — |
| 2023 | $162,309 | — | $162,309 | — | — |
| 2022 | $162,173 | — | $162,173 | — | — |