Plan Snapshot
- Plan Sponsor: Biomedical Research Alliance Of New York LLC
- Sponsor EIN: 133999590
- Sponsor Address: 445 BROADHOLLOW ROAD, MELVILLE, NY, 11747
- Plan Type: 401(k)
- Total Participants: 150
- Total Assets: $21.2M
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 | 150 | $21.2M | $964,714 | $1.4M |
| 2023 | 133 | $17.1M | $815,731 | $1.2M |
| 2022 | 108 | $13.9M | $614,894 | $932,689 |
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 |
|---|---|---|---|---|
| NFP RETIREMENT INC | ADVISOR | $45,019 | — | $45,019 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $20,693 | — | $20,693 |
| LEHMANFLYNNVOLLAROCPASPLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP RETIREMENT INC — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- LEHMANFLYNNVOLLAROCPASPLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,712
- Estimated Expense Ratio: 0.310% 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 | $65,712 | $45,019 | — | — | — |
| 2023 | $1,500,822 | — | $47,311 | — | — |
| 2022 | $117,753 | — | $47,739 | — | — |