Plan Snapshot
- Plan Sponsor: Greater Rochester Ind. Practice Assn., INC.
- Sponsor EIN: 161507171
- Sponsor Address: 100 KINGS HIGHWAY SOUTH, STE 2500, ROCHESTER, NY, 14617
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 148
- Total Assets: $15.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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. |
|---|---|---|---|---|
| 2025 | 148 | $15.9M | $0 | $0 |
| 2024 | 124 | $13.5M | $494,326 | $632,305 |
| 2023 | 112 | $11.9M | $408,109 | $543,890 |
| 2022 | 92 | $9.6M | $345,590 | $479,759 |
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 | Recordkeeper | $11,987 | — | $11,987 |
| TBS AGENCY INC | Other Service Provider | — | $5,441 | $5,441 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,428
- Estimated Expense Ratio: 0.109% 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 |
|---|---|---|---|---|---|
| 2025 | $689,254 | — | $11,988 | — | — |
| 2024 | $3,281 | — | $3,281 | — | — |
| 2023 | $2,798 | — | $2,798 | — | — |
| 2022 | $1,923,434 | — | — | — | — |