Plan Snapshot
- Plan Sponsor: Arkay Packaging Corporation
- Sponsor EIN: 131971149
- Sponsor Address: 700 VETERANS HWY STE 300, HAPPAUGE, NY, 117882929
- Plan Type: 401(k)
- Total Participants: 230
- Total Assets: $20.1M
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. |
|---|---|---|---|---|
| 2023 | 230 | $20.1M | $421,906 | $952,340 |
| 2022 | 210 | $16.4M | $391,306 | $856,245 |
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 |
|---|---|---|---|---|
| FOTI, FLYNN, LOWEN & CO | Auditor | — | — | $0 |
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 |
|---|---|---|---|---|---|
| 2023 | $57,099 | — | $57,099 | — | — |
| 2022 | $54,963 | — | $54,963 | — | — |