Plan Snapshot
- Plan Sponsor: Frequency Electronics, INC.
- Sponsor EIN: 111986657
- Sponsor Address: 55 CHARLES LINDBERG BLVD, UNIONDALE, NY, 11553
- Plan Type: 401(k)
- Total Participants: 229
- Total Assets: $50.3M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 229 | $50.3M | $748,409 | $2.0M |
| 2023 | 173 | $40.9M | $414,265 | $1.6M |
| 2022 | 173 | $36.3M | $413,086 | $1.6M |
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 |
|---|---|---|---|---|
| FIRST REPUBLIC INVESTMENT MGMNT | ADVISOR | $53,389 | — | $53,389 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $35,043 | — | $35,043 |
| GRANT THORNTON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- GRANT THORNTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,432
- Estimated Expense Ratio: 0.176% 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 | $89,685 | $54,632 | — | — | — |
| 2023 | $85,189 | $61,622 | $600 | — | — |
| 2022 | $71,523 | $2,340 | — | — | — |