Plan Snapshot
- Plan Sponsor: Goodwill Industries Of Greater New York And Northern New Jersey, INC.
- Sponsor EIN: 131641068
- Sponsor Address: 25 ELM PLACE, THIRD FLOOR, BROOKLYN, NY, 11201
- Plan Type: 403(b)
- Total Participants: 900
- Total Assets: $17.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 900 | $17.9M | $333,344 | $1.1M |
| 2023 | 858 | $16.9M | $259,623 | $1.0M |
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 |
|---|---|---|---|---|
| GRAY GRAY & GRAY, LLP | OTHER | $18,000 | — | $18,000 |
| MMA SECURITIES LLC | INVESTMENT ADVISOR | $16,287 | — | $16,287 |
| EMPOWER LIFE & ANNUITY INSURANCE CO | RECORDKEEPER | $8,940 | — | $8,940 |
| GRAY, GRAY & GRAY, LLP. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,227
- Estimated Expense Ratio: 0.242% 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 | $43,227 | $16,287 | — | — | — |
| 2023 | $17,753 | $15,198 | — | — | — |