Plan Snapshot
- Plan Sponsor: Ginsberg'S Institutional Foods, INC.
- Sponsor EIN: 141547239
- Sponsor Address: P.O. BOX 17 ROUTE 66, HUDSON, NY, 12534
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 277
- Total Assets: $13.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 277 | $13.6M | $0 | $0 |
| 2024 | 240 | $16.1M | $321,286 | $964,102 |
| 2023 | 231 | $14.5M | $310,663 | $915,766 |
| 2022 | 225 | $12.3M | $232,765 | $811,410 |
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 |
|---|---|---|---|---|
| LPL FINANCIAL LLC | Investment Advisor | — | $55,825 | $55,825 |
| GINSBERG'S INSTITUTIONAL FOOD, INC. | Other Service Provider | $16,000 | — | $16,000 |
| THE ANGELL PENSION GROUP, INC. | Other Service Provider | $7,457 | — | $7,457 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $79,282
- Estimated Expense Ratio: 0.584% 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 |
|---|---|---|---|---|---|
| 2025 | $5,919,332 | $2,436 | $7,457 | $16,000 | — |
| 2024 | $2,048 | — | — | — | — |
| 2023 | $689 | — | — | — | — |
| 2022 | $1,430 | — | — | — | — |