Plan Snapshot
- Plan Sponsor: Ellicott Development Company
- Sponsor EIN: 161039947
- Sponsor Address: 10 ELLICOTT SQUARE COURT CORP, BUFFALO, NY, 14203
- Plan Type: 401(k)
- Total Participants: 428
- Total Assets: $11.2M
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 | 428 | $11.2M | $75,629 | $626,529 |
| 2023 | 488 | $10.7M | $78,445 | $656,677 |
| 2022 | 370 | $8.8M | $68,386 | $539,557 |
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 |
|---|---|---|---|---|
| NORTHWEST BANK | TRUSTEE, UNRELATED | $29,677 | — | $29,677 |
| DEFINITI | RECORDKEEPER | $8,613 | — | $8,613 |
| LUMSDEN & MCCORMICK, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LUMSDEN & MCCORMICK, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,290
- Estimated Expense Ratio: 0.342% 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 | $40,393 | $7,160 | $2,103 | — | — |
| 2023 | $38,669 | — | — | — | — |
| 2022 | $40,117 | — | — | — | $40,117 |