Plan Snapshot
- Plan Sponsor: Focus Operating, LLC
- Sponsor EIN: 208161914
- Sponsor Address: 3333 NEW HYDE PARK ROAD, SUITE 106, NEW HYDE PARK, NY, 11042
- Plan Type: 401(k)
- Total Participants: 102
- Total Assets: $32.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 102 | $32.3M | $1.4M | $2.0M |
| 2023 | 121 | $32.8M | $2.1M | $2.2M |
| 2022 | 21 | $10.4M | $0 | $415,112 |
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 |
|---|---|---|---|---|
| WOLF & COMPANY. P.C. | 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 |
|---|---|---|---|---|---|
| 2024 | $4,125 | — | — | — | — |
| 2023 | $1,450 | — | — | — | — |
| 2022 | $97,962 | — | — | — | — |