Plan Snapshot
- Plan Sponsor: Kingsway Arms Nursing Center, INC.
- Sponsor EIN: 141562919
- Sponsor Address: 323 KINGS ROAD, SCHENECTADY, NY, 12304
- Plan Type: 401(k)
- Total Participants: 725
- Total Assets: $21.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 725 | $21.8M | $370,126 | $1.8M |
| 2023 | 724 | $19.3M | $403,786 | $1.5M |
| 2022 | 660 | $17.3M | $381,598 | $1.4M |
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 | $98,845 | — | $98,845 |
| GALLAGHER FIDUCIARY ADVISORS LLC | Investment Advisor | $30,800 | — | $30,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — Recordkeeper
- GALLAGHER FIDUCIARY ADVISORS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $129,645
- Estimated Expense Ratio: 0.595% 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 | $129,645 | $30,800 | — | — | — |
| 2023 | $98,520 | $23,690 | — | — | — |
| 2022 | $98,777 | $25,200 | — | — | $54,571 |