Plan Snapshot
- Plan Sponsor: F.G. Downing Development, INC.
- Sponsor EIN: 161250648
- Sponsor Address: 3531 SOUTHWESTERN BLVD., ORCHARD PARK, NY, 141271706
- Plan Type: 401(k)
- Total Participants: 288
- Total Assets: $31.3M
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 | 288 | $31.3M | $127,196 | $1.3M |
| 2023 | 283 | $29.5M | $140,153 | $1.3M |
| 2022 | 465 | $31.1M | $223,803 | $2.1M |
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 |
|---|---|---|---|---|
| BONADIO & CO., LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BONADIO & CO., LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $109,873 | — | $109,873 | — | — |
| 2023 | $119,916 | — | $95,197 | $24,719 | — |
| 2022 | $110,535 | — | $94,553 | — | $15,982 |