Plan Snapshot
- Plan Sponsor: City Harvest INC.
- Sponsor EIN: 133170676
- Sponsor Address: 150 52ND STREET,, BROOKLYN, NY, 11232
- Plan Type: 401(k)
- Total Participants: 184
- Total Assets: $15.3M
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 | 184 | $15.3M | $792,977 | $1.3M |
| 2023 | 180 | $13.5M | $746,021 | $1.1M |
| 2022 | 178 | $11.3M | $707,119 | $1.0M |
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 |
|---|---|---|---|---|
| MERIT FINANCIAL ADVISORS | INVESTMENT ADVISORY | $37,749 | $22 | $37,771 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $35,539 | — | $35,539 |
| RETIREMENT PLANNERS & ADMINISTRATOR | CONTRACT ADMINISTRATOR | $6,345 | $5,753 | $12,098 |
| GRANT THORNTON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT THORNTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,408
- Estimated Expense Ratio: 0.557% 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 | $79,633 | $37,749 | $41,884 | — | — |
| 2023 | $67,858 | $29,127 | $38,731 | — | — |
| 2022 | $65,999 | $23,013 | $42,986 | — | — |