Plan Snapshot
- Plan Sponsor: Friends Academy
- Sponsor EIN: 111633485
- Sponsor Address: 270 DUCK POND ROAD, LOCUST VALLEY, NY, 11560
- Plan Type: 403(b)
- Total Participants: 194
- Total Assets: $65.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 194 | $65.0M | $845,349 | $1.1M |
| 2023 | 198 | $60.5M | $814,489 | $1.0M |
| 2022 | 209 | $53.5M | $768,274 | $903,156 |
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 |
|---|---|---|---|---|
| TIAA | RECORDKEEPER | $27,911 | — | $27,911 |
| PKF O'CONNOR DAVIES LLP | AUDITOR | $12,980 | — | $12,980 |
| ONEDIGITAL INVESTMENT ADVISORS | ADVISOR | $8,500 | — | $8,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — RECORDKEEPER
- PKF O'CONNOR DAVIES LLP — AUDITOR
- ONEDIGITAL INVESTMENT ADVISORS — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,391
- Estimated Expense Ratio: 0.076% 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 | $52,598 | $8,500 | $31,248 | $12,850 | — |
| 2023 | $50,953 | — | $50,953 | — | — |
| 2022 | $44,798 | — | $44,798 | — | — |