Plan Snapshot
- Plan Sponsor: Empire Merchants North, LLC
- Sponsor EIN: 208448427
- Sponsor Address: 7350 ROUND POND ROAD, NORTH SYRACUSE, NY, 13212
- Plan Type: DC
- Total Participants: 212
- Total Assets: $42.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 212 | $42.7M | $893,457 | $1.4M |
| 2023 | 215 | $40.4M | $908,584 | $1.4M |
| 2022 | 221 | $37.3M | $840,557 | $1.4M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $53,056 | — | $53,056 |
| HKMP | ACCOUNTANT | $38,498 | — | $38,498 |
| ADVISOR INVESTMENTS LLC | INVESTMENT ADVISORY | $35,895 | — | $35,895 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HKMP — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $127,449
- Estimated Expense Ratio: 0.299% 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 | $127,449 | $35,895 | $53,056 | $38,498 | — |
| 2023 | $106,689 | $33,303 | $54,386 | $19,000 | — |
| 2022 | $120,198 | $43,522 | $57,928 | — | $18,748 |