Plan Snapshot
- Plan Sponsor: Austin 3(16) Fiduciary Limited
- Sponsor EIN: 861843958
- Sponsor Address: 119 ELAINE DRIVE, OCEANSIDE, NY, 11572
- Plan Type: DC
- Total Participants: 557
- Total Assets: $8.3M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 557 | $8.3M | $674,634 | $1.5M |
| 2023 | 699 | $3.9M | $461,714 | $928,737 |
| 2022 | 125 | $1.5M | $214,650 | $495,521 |
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 |
|---|---|---|---|---|
| SPECTRUM EMPLOYEE BENEFITS, INC. | RECORDKEEPER AND TPA | $42,274 | — | $42,274 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,274
- Estimated Expense Ratio: 0.510% 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 | $89,197 | $43,923 | — | — | — |
| 2023 | $34,160 | $17,010 | — | — | — |
| 2022 | $22,027 | — | $10,153 | — | — |