Plan Snapshot
- Plan Sponsor: Brownsville Community Development Corporation
- Sponsor EIN: 112544630
- Sponsor Address: 592 ROCKAWAY AVE, BROOKLYN, NY, 112125539
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 234
- Total Assets: $11.2M
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 | 234 | $11.2M | $731,308 | $908,511 |
| 2023 | 225 | $9.6M | $583,183 | $783,124 |
| 2022 | 233 | $7.9M | $456,662 | $698,891 |
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 | $74,191 | — | $74,191 |
| UBS FINANCIAL SERVICES INC | Investment Advisor | $29,055 | $29,055 | $58,110 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $132,301
- Estimated Expense Ratio: 1.178% 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 | $74,192 | — | $74,192 | — | — |
| 2023 | $62,086 | — | $62,086 | — | — |
| 2022 | $57,267 | — | $57,267 | — | — |