Plan Snapshot
- Plan Sponsor: First New York Federal Credit Union
- Sponsor EIN: 141345856
- Sponsor Address: 2 WALL STREET, ALBANY, NY, 122053828
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $13.4M
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 | 119 | $13.4M | $413,102 | $504,905 |
| 2023 | 101 | $12.0M | $378,446 | $453,547 |
| 2022 | 105 | $10.8M | $363,902 | $429,258 |
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 |
|---|---|---|---|---|
| UHY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UHY 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 | $59,627 | — | $48,968 | — | — |
| 2023 | $53,874 | — | $43,956 | — | — |
| 2022 | $51,309 | — | $50,007 | — | $1,302 |