Plan Snapshot
- Plan Sponsor: Arnold Magnetic Technologies Corporation
- Sponsor EIN: 202368759
- Sponsor Address: 770 LINDEN AVENUE, ROCHESTER, NY, 14625
- Plan Type: 401(k)
- Total Participants: 360
- Total Assets: $28.9M
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. |
|---|---|---|---|---|
| 2024 | 360 | $28.9M | $971,442 | $2.0M |
| 2023 | 366 | $25.4M | $894,993 | $1.8M |
| 2022 | 342 | $20.9M | $354,890 | $1.3M |
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 |
|---|---|---|---|---|
| APFS WEALTH MANAGEMENT INC | ADVISOR | $52,049 | — | $52,049 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $45,270 | — | $45,270 |
| 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: $97,319
- Estimated Expense Ratio: 0.337% 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 | $99,696 | $54,426 | — | — | — |
| 2023 | $85,199 | $44,717 | $300 | — | — |
| 2022 | $72,951 | $919 | — | — | — |