Plan Snapshot
- Plan Sponsor: Finger Lakes Area Counseling And Recovery Agency
- Sponsor EIN: 161013292
- Sponsor Address: 28 E. MAIN ST., CLIFTON SPRINGS, NY, 14432
- Plan Type: 401(k)
- Total Participants: 285
- Total Assets: $4.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 285 | $4.8M | $305,127 | $372,775 |
| 2023 | 263 | $4.1M | $263,665 | $360,038 |
| 2022 | 259 | $3.6M | $242,701 | $343,053 |
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 |
|---|---|---|---|---|
| CANANDAIGUA NATIONAL BANK AND TRUST | NONE | $40,627 | — | $40,627 |
| EFPR GROUP CPAS, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EFPR GROUP CPAS, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,627
- Estimated Expense Ratio: 0.842% 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 | $40,627 | — | — | — | — |
| 2023 | $37,008 | — | — | — | — |
| 2022 | $33,982 | — | — | — | — |