Plan Snapshot
- Plan Sponsor: Glenwood Management Corporation
- Sponsor EIN: 111975833
- Sponsor Address: 1200 UNION TURNPIKE, NEW HYDE PARK, NY, 11040
- Plan Type: 401(k)
- Total Participants: 332
- Total Assets: $71.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 332 | $71.4M | $999,232 | $2.9M |
| 2023 | 307 | $65.4M | $381,412 | $2.8M |
| 2022 | 301 | $58.3M | $398,304 | $2.7M |
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 |
|---|---|---|---|---|
| AURORA INSURANCE SERVICES INC | BROKER/ADVISER | — | $30,910 | $30,910 |
| STANDARD PENSION SERVICES LLC | OTHER | $27,554 | — | $27,554 |
| ASCEND PARTNERS TOPCO LP LMC ADVISO | AUDITOR | $25,000 | — | $25,000 |
| LM COHEN & COMPANY | Auditor | $25,000 | — | $25,000 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $5,449 | — | $5,449 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $113,913
- Estimated Expense Ratio: 0.159% 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 | $59,716 | $7,162 | — | $25,000 | — |
| 2023 | $32,382 | $2,684 | — | — | — |
| 2022 | $35,690 | $848 | $8,152 | — | $22,500 |