Plan Snapshot
- Plan Sponsor: Dumac Business Systems, INC.
- Sponsor EIN: 150582459
- Sponsor Address: 19 CORPORATE CIRCLE, EAST SYRACUSE, NY, 13057
- Plan Type: 401(k)
- Total Participants: 94
- Total Assets: $14.7M
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 | 94 | $14.7M | $220,248 | $808,622 |
| 2023 | 84 | $12.5M | $198,499 | $761,173 |
| 2022 | 97 | $12.2M | $201,486 | $706,467 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $32,078 | — | $32,078 |
| RBC WEALTH MANAGEMENT | ADVISOR | $22,777 | — | $22,777 |
| BOWERS & COMPANY CPAS PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- RBC WEALTH MANAGEMENT — ADVISOR
- BOWERS & COMPANY CPAS PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,855
- Estimated Expense Ratio: 0.374% 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 | $54,855 | $22,777 | — | — | — |
| 2023 | $47,845 | $21,324 | — | — | — |
| 2022 | $58,017 | — | — | — | — |