Plan Snapshot
- Plan Sponsor: Capital District Beginnings, INC.
- Sponsor EIN: 141653112
- Sponsor Address: 673 COLUMBIA TURNPIKE, EAST GREENBUSH, NY, 12061
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 151
- Total Assets: $9.9M
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 | 151 | $9.9M | $207,140 | $475,602 |
| 2023 | 156 | $9.2M | $190,612 | $382,226 |
| 2022 | 156 | $9.2M | $182,009 | $405,939 |
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 INS CO OF NY | Recordkeeper | $40,150 | — | $40,150 |
| EQUITABLE ADVISORS LLC | Investment Advisor | — | $22,313 | $22,313 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,463
- Estimated Expense Ratio: 0.632% 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 | $42,506 | — | — | — | — |
| 2023 | $40,222 | $2,061 | $860 | — | — |
| 2022 | $44,548 | — | $44,548 | — | — |