Plan Snapshot
- Plan Sponsor: Faherty Brand LLC
- Sponsor EIN: 454826718
- Sponsor Address: 180 MAIDEN LANE, NEW YORK, NY, 10038
- Plan Type: 401(k)
- Total Participants: 485
- Total Assets: $6.7M
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 | 485 | $6.7M | $769,761 | $1.6M |
| 2023 | 465 | $5.0M | $746,342 | $1.5M |
| 2022 | 503 | $2.1M | $0 | $0 |
| 2021 | 254 | $865,086 | $0 | $0 |
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 |
|---|---|---|---|---|
| BETTERMENT FOR BUSINESS, LLC | RECORDKEEPER | $11,012 | — | $11,012 |
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BETTERMENT FOR BUSINESS, LLC — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,012
- Estimated Expense Ratio: 0.164% 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 | $11,012 | $11,012 | — | — | — |
| 2023 | $7,887 | — | — | — | — |
| 2022 | $6,999 | $6,999 | — | — | — |
| 2021 | $700 | — | — | — | — |