Plan Snapshot
- Plan Sponsor: Empire Telephone Corporation
- Sponsor EIN: 160594870
- Sponsor Address: 34 S MAIN STREET, PRATTSBURGH, NY, 148739564
- Plan Type: 401(k)
- Plan Number: 333
- Total Participants: 262
- Total Assets: $15.5M
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. |
|---|---|---|---|---|
| 2025 | 262 | $15.5M | $0 | $0 |
| 2024 | 233 | $14.6M | $687,583 | $961,993 |
| 2023 | 204 | $13.1M | $587,225 | $830,521 |
| 2022 | 170 | $12.9M | $447,763 | $612,644 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $35,114 | $14 | $35,128 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $28,505 | — | $28,505 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,633
- Estimated Expense Ratio: 0.411% 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 |
|---|---|---|---|---|---|
| 2025 | $3,210,542 | $14,046 | $28,505 | — | — |
| 2024 | $65,349 | $14,180 | $29,899 | — | — |
| 2023 | $58,515 | $33,303 | $25,212 | — | — |
| 2022 | $58,299 | $13,055 | $25,661 | — | $19,583 |