Plan Snapshot
- Plan Sponsor: Hereford Insurance Company
- Sponsor EIN: 112774650
- Sponsor Address: 36-01 43RD AVE, LONG ISLAND CITY, NY, 11101
- Plan Type: 401(k)
- Total Participants: 241
- Total Assets: $15.6M
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. |
|---|---|---|---|---|
| 2024 | 241 | $15.6M | $398,052 | $777,820 |
| 2023 | 234 | $13.2M | $388,632 | $727,373 |
| 2022 | 234 | $10.9M | $374,792 | $723,654 |
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 |
|---|---|---|---|---|
| PKF O'CONNOR DAVIES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PKF O'CONNOR DAVIES, LLP — Auditor
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 | $59,622 | $29,483 | $300 | — | — |
| 2023 | $50,158 | $24,306 | — | — | — |
| 2022 | $50,797 | $3,392 | — | — | — |