Plan Snapshot
- Plan Sponsor: Jahnel Group, INC.
- Sponsor EIN: 264146626
- Sponsor Address: 108 STATE STREET, SCHENECTADY, NY, 12305
- Plan Type: 401(k)
- Total Participants: 93
- Total Assets: $10.2M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 93 | $10.2M | $305,963 | $965,807 |
| 2023 | 105 | $8.3M | $898,353 | $1.1M |
| 2022 | 140 | $5.5M | $657,493 | $899,013 |
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 |
|---|---|---|---|---|
| TEAL, BECKER & CHIARAMONTE, CPAS | CONTRACT ADMIN | -$1,159 | $25,092 | $23,933 |
| LPL FINANCIAL LLC | INVESTMENT ADVISOR | $12,665 | — | $12,665 |
| EMPOWER LIFE & ANNUITY INSURANCE CO | RECORDKEEPER | $11,093 | — | $11,093 |
| ROSEMONT FINANCIAL GROUP | ADVISOR | $10,640 | — | $10,640 |
| MENGEL, METZGER, BARR & CO, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LPL FINANCIAL LLC — INVESTMENT ADVISOR
- MENGEL, METZGER, BARR & CO, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,331
- Estimated Expense Ratio: 0.573% 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 | $42,830 | $27,206 | $15,624 | — | — |
| 2023 | $24,774 | $16,234 | $8,540 | — | — |
| 2022 | — | — | — | — | — |