Plan Snapshot
- Plan Sponsor: Fair-Rite Products Corp.
- Sponsor EIN: 141389596
- Sponsor Address: ONE COMMERCIAL ROW PO BOX 288, WALLKILL, NY, 12589
- Plan Type: 401(k)
- Total Participants: 116
- Total Assets: $13.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 116 | $13.5M | $226,875 | $723,049 |
| 2023 | 126 | $11.7M | $208,517 | $749,078 |
| 2022 | 110 | $10.3M | $201,326 | $647,901 |
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 |
|---|---|---|---|---|
| EISNER AMPER LLP | Auditor | $26,250 | — | $26,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EISNER AMPER LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,250
- Estimated Expense Ratio: 0.195% 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 | $73,935 | $31,135 | — | $26,250 | — |
| 2023 | $34,048 | $32,983 | — | — | — |
| 2022 | $49,365 | — | $49,365 | — | — |