Plan Snapshot
- Plan Sponsor: Ironpeak INC.
- Sponsor EIN: 161210629
- Sponsor Address: PO BOX 806, OLEAN, NY, 147600806
- Plan Type: 401(k)
- Total Participants: 144
- Total Assets: $20.2M
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 | 144 | $20.2M | $461,702 | $1.6M |
| 2023 | 141 | $16.7M | $454,192 | $1.4M |
| 2022 | 152 | $13.2M | $353,783 | $1.2M |
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 |
|---|---|---|---|---|
| EVEREST CONSULTANTS | Investment Advisor | $36,952 | — | $36,952 |
| PAYCHEX, INC. | Recordkeeper | $25,599 | — | $25,599 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,551
- Estimated Expense Ratio: 0.310% 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 | $65,239 | $35,790 | $28,589 | — | — |
| 2023 | $52,632 | $29,682 | $22,090 | — | — |
| 2022 | $47,098 | $28,080 | $19,018 | — | — |