Plan Snapshot
- Plan Sponsor: Brosnan Risk Consultants
- Sponsor EIN: 134132556
- Sponsor Address: 1 BLUE HILL PLAZA,, PEARL RIVER, NY, 10965
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 3,940
- Total Assets: $6.5M
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 | 3,940 | $6.5M | $696,141 | $1.2M |
| 2023 | 6,698 | $4.7M | $505,272 | $1.0M |
| 2022 | 3,645 | $3.3M | $499,194 | $997,503 |
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 | Recordkeeper | $62,063 | — | $62,063 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,063
- Estimated Expense Ratio: 0.960% 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 | $62,064 | — | $62,064 | — | — |
| 2023 | $46,349 | — | $46,349 | — | — |
| 2022 | $31,495 | — | $31,495 | — | — |