Plan Snapshot
- Plan Sponsor: Fiber Instrument Sales, INC.
- Sponsor EIN: 161340858
- Sponsor Address: 161 CLEAR ROAD, ORISKANY, NY, 13424
- Plan Type: 401(k)
- Total Participants: 337
- Total Assets: $13.5M
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 | 337 | $13.5M | $171,821 | $706,437 |
| 2023 | 364 | $12.5M | $182,497 | $772,709 |
| 2022 | 344 | $10.4M | $170,725 | $730,792 |
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 |
|---|---|---|---|---|
| DERMODY, BURKE & BROWN, CPA'S, LLC | Auditor | — | — | $0 |
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 | $118,107 | $118,107 | — | — | — |
| 2023 | $103,334 | $103,334 | — | — | — |
| 2022 | $2,010 | $2,010 | — | — | — |