# Israel Discount Bank Of New York 401(k) Plan
Source: https://planprovider.pro/companies/israel-discount-bank-of-new-york-401k-plan

> Israel Discount Bank Of New York's 401(k) plan: 676 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/morgan-stanley) — INVESTMENT ADVISOR

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — 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|—|—|—|—|

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