Plan Snapshot
- Plan Sponsor: Bestpass INC
- Sponsor EIN: 364535141
- Sponsor Address: 500 NEW KARNER ROAD, ALBANY, NY, 122053857
- Plan Type: 401(k)
- Total Participants: 315
- Total Assets: $17.4M
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 | 315 | $17.4M | $1.3M | $2.2M |
| 2023 | 286 | $9.7M | $739,183 | $1.3M |
| 2022 | 138 | $6.9M | $579,139 | $979,656 |
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 |
|---|---|---|---|---|
| STRATEGIC PENSION SERVICES LLC | TPA | $12,470 | — | $12,470 |
| LUTZ, SELIG & ZERONDA, CPAS, L.L.P. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,470
- Estimated Expense Ratio: 0.072% 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 | $22,426 | — | — | — | — |
| 2023 | $15,528 | — | $1,051 | — | — |
| 2022 | $16,338 | — | — | — | — |