Plan Snapshot
- Plan Sponsor: Gp 50 New York Ltd.
- Sponsor EIN: 161265534
- Sponsor Address: 2770 LONG ROAD, GRAND ISLAND, NY, 14072
- Plan Type: 401(k)
- Total Participants: 105
- Total Assets: $6.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 105 | $6.2M | $151,249 | $550,052 |
| 2023 | 115 | $5.4M | $157,220 | $534,162 |
| 2022 | 112 | $4.3M | $147,123 | $492,382 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | RECORD KEEPER | $51,089 | — | $51,089 |
| UPFSA INSURANCE AGENCY OF ARIZONA I | FINANCIAL ADVISOR | — | $16,136 | $16,136 |
| ACTUARIAL CONSULTING SERVICES, INC. | CONTRACT ADMINISTRATOR | $5,805 | $2,397 | $8,202 |
| UNITED PLANNERS' FINANCIAL SERVICES | OTHER SERVICES | — | $7,838 | $7,838 |
| JEFFREY L. OFFHAUS CPA, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JEFFREY L. OFFHAUS CPA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $83,265
- Estimated Expense Ratio: 1.350% 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 | $56,894 | — | $5,805 | — | — |
| 2023 | $36,825 | — | $36,825 | — | — |
| 2022 | $50,746 | — | $50,746 | — | — |