Plan Snapshot
- Plan Sponsor: Island Nursing And Rehab Center
- Sponsor EIN: 113570505
- Sponsor Address: 5537 EXPRESSWAY DRIVE NORTH, HOLTSVILLE, NY, 11742
- Plan Type: 401(k)
- Total Participants: 138
- Total Assets: $6.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 138 | $6.4M | $91,857 | $277,272 |
| 2023 | 117 | $5.9M | $94,881 | $268,579 |
| 2022 | 111 | $5.8M | $92,569 | $273,476 |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $46,464 | — | $46,464 |
| ASPIRE ADVISORS LLC | Investment Advisor | $21,519 | — | $21,519 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — Recordkeeper
- ASPIRE ADVISORS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,983
- Estimated Expense Ratio: 1.055% 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 | $68,173 | $21,519 | — | — | — |
| 2023 | $60,515 | $20,304 | — | — | — |
| 2022 | $63,292 | $21,778 | — | — | — |