Plan Snapshot
- Plan Sponsor: Demco New York Corp.
- Sponsor EIN: 161375424
- Sponsor Address: 6701 MANLIUS CENTER RD, EAST SYRACUSE, NY, 13057
- Plan Type: 401(k)
- Total Participants: 91
- Total Assets: $12.1M
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 | 91 | $12.1M | $247,389 | $434,031 |
| 2023 | 83 | $10.7M | $121,045 | $428,907 |
| 2022 | 87 | $10.2M | $113,302 | $384,015 |
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 |
|---|---|---|---|---|
| GROSSMAN ST. AMOUR CPAS PLLC | Auditor | $5,131 | — | $5,131 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,131
- Estimated Expense Ratio: 0.042% 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 | $81,396 | $2,265 | $6,330 | $5,131 | — |
| 2023 | $69,784 | $2,000 | — | $1,167 | — |
| 2022 | $85,118 | $2,074 | — | — | $76,674 |