Plan Snapshot
- Plan Sponsor: Breezy Point Cooperative, INC.
- Sponsor EIN: 111965419
- Sponsor Address: 20230 ROCKAWAY POINT BLVD, ROCKAWAY POINT, NY, 116971113
- Plan Type: 401(k)
- Total Participants: 101
- Total Assets: $13.2M
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 | 101 | $13.2M | $312,419 | $646,159 |
| 2023 | 101 | $11.5M | $294,594 | $574,185 |
| 2022 | 89 | $10.0M | $239,069 | $513,285 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $39,322 | — | $39,322 |
| KVLSM LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KVLSM LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,322
- Estimated Expense Ratio: 0.297% 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 | $39,322 | — | $39,322 | — | — |
| 2023 | $33,340 | — | $33,340 | — | — |
| 2022 | $21,592 | — | $21,592 | — | — |