Plan Snapshot
- Plan Sponsor: Grameen America, INC.
- Sponsor EIN: 208497991
- Sponsor Address: 82-11 37TH AVENUE, JACKSON HEIGHTS, NY, 11372
- Plan Type: 401(k)
- Total Participants: 349
- 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 | 349 | $6.2M | $328,577 | $1.0M |
| 2023 | 271 | $4.6M | $252,905 | $780,313 |
| 2022 | 238 | $3.6M | $260,012 | $614,397 |
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 |
|---|---|---|---|---|
| CROWE, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $28,021 | $15,156 | — | — | — |
| 2023 | $28,665 | $14,646 | — | — | — |
| 2022 | $13,258 | — | — | — | — |