Plan Snapshot
- Plan Sponsor: Derrick Corporation
- Sponsor EIN: 160847196
- Sponsor Address: 590 DUKE ROAD, BUFFALO, NY, 14225
- Plan Type: DC
- Total Participants: 617
- Total Assets: $95.6M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 617 | $95.6M | $1.1M | $4.4M |
| 2023 | 611 | $84.2M | $1.1M | $4.2M |
| 2022 | 529 | $73.3M | $910,000 | $3.5M |
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 |
|---|---|---|---|---|
| AMERIPRISE FINANCIAL SERVICES INC | ADVISOR | $164,403 | — | $164,403 |
| JEFFREY L. OFFHAUS, CPA, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERIPRISE FINANCIAL SERVICES INC — ADVISOR
- JEFFREY L. OFFHAUS, CPA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $164,403
- Estimated Expense Ratio: 0.172% 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 | $110,889 | $164,403 | — | — | — |
| 2023 | $87,238 | $128,241 | — | — | — |
| 2022 | $166,597 | — | — | — | — |