Plan Snapshot
- Plan Sponsor: Empire Education Corporation
- Sponsor EIN: 611448882
- Sponsor Address: 1 PARK PLACE, ALBANY, NY, 12205
- Plan Type: 401(k)
- Total Participants: 123
- Total Assets: $4.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 123 | $4.1M | $0 | $290,444 |
| 2023 | 128 | $3.8M | $0 | $286,526 |
| 2022 | 149 | $3.2M | $0 | $332,605 |
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 |
|---|---|---|---|---|
| GALLAGHER BENEFIT SERVICES | INVESTMENT ADVISOR | $14,045 | — | $14,045 |
| LUTZ, SELIG & ZERONDA, CPAS, L.L.P. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,045
- Estimated Expense Ratio: 0.346% 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 | $615 | — | $615 | — | — |
| 2023 | -$239 | — | -$239 | — | — |
| 2022 | $827 | — | $827 | — | — |