Plan Snapshot
- Plan Sponsor: Goodwill Industries Of Greater New York And Northern New Jersey, INC.
- Sponsor EIN: 131641068
- Sponsor Address: 25 ELM PLACE 3RD FLOOR, BROOKLYN, NY, 11201
- Plan Type: 401(k)
- Total Participants: 423
- Total Assets: $8.8M
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 | 423 | $8.8M | -$14 | $0 |
| 2023 | 543 | $9.8M | $291,357 | $0 |
| 2022 | 530 | $9.5M | $426,966 | $0 |
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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE CO | RECORDKEEPER | $133,825 | — | $133,825 |
| NEIGHBORHOOD TRUST FINANCIAL PARTNE | OTHER | $45,000 | — | $45,000 |
| GRAY GRAY & GRAY, LLP | AUDITOR | $14,000 | — | $14,000 |
| GRAY, GRAY & GRAY, LLP | Auditor | $14,000 | — | $14,000 |
| MMA SECURITIES LLC | INVESTMENT ADVISOR | $13,180 | — | $13,180 |
| BENCHMARK RETIREMENT PLAN SERVICES | OTHER | $6,938 | — | $6,938 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRAY, GRAY & GRAY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $226,943
- Estimated Expense Ratio: 2.593% 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 | $212,943 | $13,180 | — | $14,000 | — |
| 2023 | $9,478 | $9,478 | — | — | — |
| 2022 | $7,800 | — | $7,800 | — | — |