# Buffalo Hearing &amp; Speech Center, INC. 401(k) Plan
Source: https://planprovider.pro/companies/buffalo-hearing-speech-center-inc-401k-plan

> Buffalo Hearing &amp; Speech Center, INC.&#39;s 401(k) plan: 330 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Buffalo Hearing & Speech Center, INC.

- **Sponsor EIN:** 160776186

- **Sponsor Address:** 50 EAST NORTH STREET, BUFFALO, NY, 14203

- **Plan Type:** 401(k)

- **Total Participants:** 330

- **Total Assets:** $18.3M

## 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|330|$18.3M|$237,218|$1.3M|

| 2023|297|$16.1M|$232,373|$1.2M|

| 2022|298|$13.8M|$198,118|$1.1M|

## 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|

| EMPOWER LIFE & ANNUITY INSURANCE CO|RECORDKEEPER|$53,269|—|$53,269|

| LAWLEY RETIREMENT ADVISORS LLC|INVESTMENT ADVISOR|$25,000|—|$25,000|

| LUMSDEN & MCCORMICK, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [LUMSDEN & MCCORMICK, LLP](https://planprovider.pro/provider/lumsden-and-mccormick-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $78,269

- **Estimated Expense Ratio:** 0.428% 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|$82,659|$29,390|—|—|—|

| 2023|$67,123|$27,805|$39,318|—|—|

| 2022|$69,509|—|$69,509|—|—|

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