Plan Snapshot
- Plan Sponsor: Israel Discount Bank Of New York
- Sponsor EIN: 135596781
- Sponsor Address: 1114 AVENUE OF THE AMERICAS, NEW YORK, NY, 10036
- Plan Type: 401(k)
- Total Participants: 676
- Total Assets: $165.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 676 | $165.6M | $5.2M | $8.7M |
| 2023 | 600 | $147.6M | $5.2M | $8.5M |
| 2022 | 575 | $121.9M | $4.3M | $6.8M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | INVESTMENT ADVISOR | $109,100 | — | $109,100 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $68,756 | — | $68,756 |
| PRAGER METIS CPAS LLC | ACCOUNTNAT AUDITO | $21,882 | — | $21,882 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY LLC — INVESTMENT ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $199,738
- Estimated Expense Ratio: 0.121% 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 | $199,538 | $109,100 | — | $21,882 | — |
| 2023 | $168,704 | — | — | — | — |
| 2022 | $179,562 | — | — | — | — |