Plan Snapshot
- Plan Sponsor: Economic Opportunity Program, INC.
- Sponsor EIN: 160906941
- Sponsor Address: 650 BALDWIN STREET, ELMIRA, NY, 14901
- Plan Type: 403(b)
- Total Participants: 117
- Total Assets: $4.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 117 | $4.5M | $130,437 | $108,522 |
| 2023 | 133 | $4.3M | $136,949 | $108,126 |
| 2022 | 119 | $3.6M | $127,722 | $112,763 |
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 |
|---|---|---|---|---|
| CHEMUNG CANAL TRUST COMPANY | Recordkeeper | $25,570 | — | $25,570 |
| EQUITABLE FINANCIAL LIFE INS CO | Recordkeeper | $2,171 | $12,182 | $14,353 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EQUITABLE FINANCIAL LIFE INS CO — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,923
- Estimated Expense Ratio: 0.894% 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 | $27,741 | — | $2,171 | — | — |
| 2023 | $23,428 | — | $1,840 | — | — |
| 2022 | $22,615 | — | $1,785 | — | $20,830 |