Plan Snapshot
- Plan Sponsor: Benchmark Financial Group, INC.
- Sponsor EIN: 161220236
- Sponsor Address: 4053 MAPLE ROAD, AMHERST, NY, 14226
- Plan Type: 401(k)
- Total Participants: 147
- Total Assets: $22.8M
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 | 147 | $22.8M | $275,283 | $829,439 |
| 2023 | 156 | $20.0M | $271,787 | $837,796 |
| 2022 | 162 | $18.7M | $270,524 | $842,533 |
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 |
|---|---|---|---|---|
| CHIAMPOU, TRAVIS, BESAW, & KERSHNER | Auditor | $5,030 | — | $5,030 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,030
- Estimated Expense Ratio: 0.022% 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 | $54,297 | $20,780 | $28,487 | $5,030 | — |
| 2023 | $54,399 | $20,382 | $28,747 | $5,270 | — |
| 2022 | $61,821 | $20,359 | $31,862 | — | $9,600 |