Plan Snapshot
- Plan Sponsor: Automall Payroll Services Ltd
- Sponsor EIN: 320323841
- Sponsor Address: 193 SUNRISE HIGHWAY, WEST ISLIP, NY, 11795
- Plan Type: 401(k)
- Total Participants: 1,147
- Total Assets: $16.7M
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 | 1,147 | $16.7M | $0 | $4.2M |
| 2022 | 1,000 | $11.9M | $0 | $4.1M |
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 LIFE & ANNUITY INSURANCE CO | RECORDKEEPER | $228,206 | — | $228,206 |
| OSAIC WEALTH INC | BROKER/ADVISER | — | $77,790 | $77,790 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $10,758 | — | $10,758 |
| TMI CPA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TMI CPA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $316,754
- Estimated Expense Ratio: 1.894% 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 |
|---|---|---|---|---|---|
| 2023 | $119,482 | $5,379 | — | — | — |
| 2022 | $98,696 | — | $98,696 | — | — |