# Frank Olean Center, INC. 401(k) Plan
Source: https://planprovider.pro/companies/frank-olean-center-inc-401k-plan

> Frank Olean Center, INC.&#39;s 401(k) plan: 148 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Frank Olean Center, INC.

- **Sponsor EIN:** 050311198

- **Sponsor Address:** 93 AIRPORT RD, WESTERLY, RI, 028913420

- **Plan Type:** 401(k)

- **Total Participants:** 148

- **Total Assets:** $1.6M

## 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:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|148|$1.6M|$17,626|$59,552|

| 2023|169|$1.4M|$15,819|$50,251|

| 2022|163|$1.3M|$20,404|$81,419|

## 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|

| HOYT, FILIPETTI & MALAGHAN, 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|$1,082|—|—|—|—|

| 2023|$307|—|—|—|—|

| 2022|$505|$505|—|—|—|

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