Plan Snapshot
- Plan Sponsor: Cny Business Solutions
- Sponsor EIN: 352597966
- Sponsor Address: 1440 BROADWAY, NEW YORK, NY, 10018
- Plan Type: 401(k)
- Total Participants: 47
- Total Assets: $13.5M
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 | 47 | $13.5M | $291,902 | $601,910 |
| 2023 | 67 | $13.0M | $380,859 | $798,932 |
| 2022 | 85 | $10.5M | $454,454 | $946,501 |
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 | $45,049 | — | $45,049 |
| KESTRA ADVISORY SERVICES,LLC | Investment Advisor | $20,000 | — | $20,000 |
| GRASSI ADVISOR & ACCOUNTANTS | Auditor | $16,686 | — | $16,686 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS, — Recordkeeper
- KESTRA ADVISORY SERVICES,LLC — Investment Advisor
- GRASSI ADVISOR & ACCOUNTANTS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $81,735
- Estimated Expense Ratio: 0.606% 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 | $129,727 | — | $129,727 | — | — |
| 2023 | $83,767 | — | $83,767 | — | — |
| 2022 | $75,256 | — | — | — | $75,256 |