Plan Snapshot
- Plan Sponsor: Liberty Management Services, INC.
- Sponsor EIN: 412262515
- Sponsor Address: 6723 TOWPATH RD, EAST SYRACUSE, NY, 130579506
- Plan Type: 401(k)
- Total Participants: 1,405
- Total Assets: $21.0M
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 | 1,405 | $21.0M | $309,625 | $2.4M |
| 2023 | 1,307 | $17.7M | $319,385 | $2.2M |
| 2022 | 1,304 | $14.1M | $231,330 | $2.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $247,540 | — | $247,540 |
| MML INSURANCE AGENCY LLC | Other Service Provider | — | $56,007 | $56,007 |
| MML INVESTORS SERVICES LLC | Investment Advisor | — | $8,049 | $8,049 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MML INVESTORS SERVICES LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $311,596
- Estimated Expense Ratio: 1.484% 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 | $247,540 | — | $247,540 | — | — |
| 2023 | $215,422 | — | $215,422 | — | — |
| 2022 | $205,353 | — | $205,353 | — | — |