Plan Snapshot
- Plan Sponsor: Builders Exchange Of The Southern Tier, INC.
- Sponsor EIN: 160810649
- Sponsor Address: 65 E MAIN STREET, FALCONER, NY, 147331336
- Plan Type: 401(k)
- Total Participants: 136
- Total Assets: $12.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 136 | $12.4M | $255,754 | $407,468 |
| 2023 | 134 | $11.7M | $240,060 | $416,768 |
| 2022 | 133 | $10.3M | $225,725 | $386,516 |
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 |
|---|---|---|---|---|
| TRONCONI SEGARRA & ASSOCAITES, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $146,652 | $95,243 | — | — | — |
| 2023 | $132,130 | $103,303 | $6,144 | $8,300 | — |
| 2022 | $74,064 | $41,504 | $3,000 | — | $18,623 |