Plan Snapshot
- Plan Sponsor: Carver Companies
- Sponsor EIN: 464199811
- Sponsor Address: P O BOX 890, COEYMANS, NY, 12045
- Plan Type: 401(k)
- Total Participants: 369
- Total Assets: $41.3M
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 | 369 | $41.3M | $2.9M | $3.3M |
| 2023 | 508 | $34.5M | $2.7M | $2.9M |
| 2022 | 528 | $26.5M | $2.5M | $2.5M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $180,782 | — | $180,782 |
| EQUITABLE NETWORK LLC | BROKER | — | $72,843 | $72,843 |
| TEAL, BECKER AND CHIARAMONTE PC | AUDITOR | $11,000 | — | $11,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- EQUITABLE NETWORK LLC — BROKER
- TEAL, BECKER AND CHIARAMONTE PC — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $264,625
- Estimated Expense Ratio: 0.641% 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 | $191,782 | — | — | $11,000 | — |
| 2023 | $150,172 | — | — | $10,500 | — |
| 2022 | $110,742 | — | — | — | $10,500 |