Plan Snapshot
- Plan Sponsor: Freed Maxick Cpas, P. C.
- Sponsor EIN: 454051133
- Sponsor Address: 800 LIBERTY BUILDING, BUFFALO, NY, 14202
- Plan Type: 401(k)
- Total Participants: 344
- Total Assets: $100.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 344 | $100.8M | $865,157 | $3.5M |
| 2023 | 349 | $88.0M | $765,568 | $3.4M |
| 2022 | 347 | $73.0M | $700,842 | $3.1M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $112,831 | $272 | $113,103 |
| MORGAN STANLEY SMITH BARNEY LLC | Recordkeeper | — | $43,000 | $43,000 |
| VOYA RETIREMENT ADVISORS, LLC | Other Service Provider | $18,634 | — | $18,634 |
| ZLC GROUP | Other Service Provider | $9,300 | — | $9,300 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $184,037
- Estimated Expense Ratio: 0.183% 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 | $140,765 | $34,412 | $106,103 | — | — |
| 2023 | $131,821 | $28,716 | $103,105 | — | — |
| 2022 | $123,531 | — | — | — | — |