Plan Snapshot
- Plan Sponsor: First Realty Management Co., INC.
- Sponsor EIN: 264328600
- Sponsor Address: 301 EXCHANGE BLVD. #200, ROCHESTER, NY, 14608
- Plan Type: 401(k)
- Total Participants: 86
- Total Assets: $6.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 86 | $6.5M | $75,616 | $533,190 |
| 2023 | 104 | $5.7M | $89,560 | $578,447 |
| 2022 | 111 | $4.5M | $88,709 | $563,460 |
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 |
|---|---|---|---|---|
| ALERUS FINANCIAL, N.A. | NONE | $13,898 | — | $13,898 |
| GLOBAL RETIREMENT PARTNERS | ADVISOR | $10,602 | — | $10,602 |
| SBFR PARTNERS LLP | AUDITOR | $9,750 | — | $9,750 |
| PAYCHEX, INC. | RECORDKEEPER | $8,448 | — | $8,448 |
| ERISA FIDUCIARY SERVICES, INC. | CONTRACT ADMINISTRATOR | $8,106 | — | $8,106 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A. — NONE
- GLOBAL RETIREMENT PARTNERS — ADVISOR
- PAYCHEX, INC. — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,804
- Estimated Expense Ratio: 0.781% 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 | $52,371 | $12,169 | $15,991 | $9,750 | — |
| 2023 | $56,857 | $19,954 | $27,043 | — | — |
| 2022 | $44,521 | $20,321 | $22,093 | — | $2,107 |