Plan Snapshot
- Plan Sponsor: Encorevet Group LLC
- Sponsor EIN: 825504044
- Sponsor Address: 5 MOUNTAIN LEDGE DR, GANSEVOORT, NY, 12831
- Plan Type: 401(k)
- Total Participants: 1,912
- Total Assets: $61.5M
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. |
|---|---|---|---|---|
| 2024 | 1,912 | $61.5M | $3.4M | $8.6M |
| 2023 | 1,877 | $48.0M | $3.3M | $7.9M |
| 2022 | 1,844 | $31.5M | $3.3M | $7.3M |
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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INS CO OF NY | RECORDKEEPER | $61,765 | — | $61,765 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $56,079 | — | $56,079 |
| TEAL, BECKER & CHIARAMONTE CPAS PC | CONTRACT ADMIN, TPA | $15,428 | $10,000 | $25,428 |
| UHY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UHY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $143,272
- Estimated Expense Ratio: 0.233% 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 | $190,884 | — | $190,884 | — | — |
| 2023 | $202,169 | — | $202,169 | — | — |
| 2022 | $169,813 | — | $169,813 | — | — |