Plan Snapshot
- Plan Sponsor: Independent Group Home Living Program, INC.
- Sponsor EIN: 112458584
- Sponsor Address: 60 MONTAUK HWY, EAST MORICHES, NY, 119401140
- Plan Type: 403(b)
- Total Participants: 3,448
- Total Assets: $57.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 3,448 | $57.2M | $1.3M | $7.7M |
| 2023 | 2,445 | $46.3M | $933,667 | $6.6M |
| 2022 | 2,316 | $37.2M | $1.1M | $5.6M |
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 | CONTRACT ADMINISTRATOR | $381,824 | — | $381,824 |
| FOCUSED WEALTH MANAGEMENT, INC. | INVESTMENT ADVISORY | — | $79,557 | $79,557 |
| BDO USA, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $461,381
- Estimated Expense Ratio: 0.806% 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 | $327,209 | — | $327,209 | — | — |
| 2023 | $302,511 | — | $302,511 | — | — |
| 2022 | $217,995 | — | $217,995 | — | — |