Plan Snapshot
- Plan Sponsor: Dynalec Corporation
- Sponsor EIN: 160843235
- Sponsor Address: 87 WEST MAIN STREET, SODUS, NY, 14551
- Plan Type: 401(k)
- Total Participants: 128
- Total Assets: $34.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2025 | 128 | $34.9M | $0 | $0 |
| 2024 | 124 | $28.8M | $882,308 | $489,745 |
| 2023 | 112 | $25.5M | $268,587 | $469,496 |
| 2022 | 109 | $20.7M | $1.1M | $501,545 |
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 |
|---|---|---|---|---|
| FLAHERTY SALMIN, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FLAHERTY SALMIN, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 |
|---|---|---|---|---|---|
| 2025 | $94,182 | — | $94,182 | — | — |
| 2024 | $88,656 | — | $88,656 | — | — |
| 2023 | $92,047 | — | — | — | — |
| 2022 | $122,856 | $104,553 | — | — | $16,217 |