Plan Snapshot
- Plan Sponsor: Legal Aid Society Of Rochester, INC.
- Sponsor EIN: 160743070
- Sponsor Address: 1 WEST MAIN STREET, ROCHESTER, NY, 14614
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 119
- Total Assets: $8.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 119 | $8.1M | $215,284 | $578,485 |
| 2023 | 98 | $7.3M | $174,013 | $461,168 |
| 2022 | 94 | $5.7M | $159,578 | $422,183 |
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 |
|---|---|---|---|---|
| CANANDAIGUA NATIONAL BANK AND TRUST | Investment Advisor | $18,277 | — | $18,277 |
| EMPOWER LIFE & ANNUITY INSURANCE CO | Recordkeeper | $11,920 | — | $11,920 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,197
- Estimated Expense Ratio: 0.371% 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 | $32,697 | $20,777 | — | — | — |
| 2023 | $23,361 | $13,538 | — | — | — |
| 2022 | $10,102 | — | $10,102 | — | — |