Plan Snapshot
- Plan Sponsor: Hasc Center INC.
- Sponsor EIN: 112630071
- Sponsor Address: 5601 FIRST AVENUE, BROOKLYN, NY, 11220
- Plan Type: 401(k)
- Total Participants: 1,978
- Total Assets: $14.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 1,978 | $14.2M | $202,271 | $955,494 |
| 2023 | 1,707 | $12.1M | $179,875 | $877,748 |
| 2022 | 1,506 | $10.6M | $183,541 | $859,276 |
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 INS CO | CONTRACT ADMINISTRATOR | $98,141 | — | $98,141 |
| S B H U LIFE AGENCY | OTHER SERVICES | — | $19,591 | $19,591 |
| ASSOCIATED PENSION CONSULTANTS | CONTRACT ADMINISTRATOR | $720 | $10,763 | $11,483 |
| FASTEN HALBERSTAM LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- S B H U LIFE AGENCY — OTHER SERVICES
- FASTEN HALBERSTAM LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $129,215
- Estimated Expense Ratio: 0.911% 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 | $98,862 | — | $98,862 | — | — |
| 2023 | $87,008 | — | $87,008 | — | — |
| 2022 | $81,018 | — | $81,018 | — | — |