# Gp 50 New York Ltd. 401(k) Plan
Source: https://planprovider.pro/companies/gp-50-new-york-ltd-401k-plan

> Gp 50 New York Ltd.&#39;s 401(k) plan: 105 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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