Plan Snapshot
- Plan Sponsor: Harmony Healthcare Long Island
- Sponsor EIN: 270216316
- Sponsor Address: 400 OAK STREET SUITE 104, GARDEN CITY, NY, 11530
- Plan Type: 401(k)
- Total Participants: 330
- Total Assets: $16.3M
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 | 330 | $16.3M | $404,845 | $1.6M |
| 2023 | 301 | $13.8M | $749,623 | $1.4M |
| 2022 | 289 | $10.1M | $707,742 | $1.3M |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $44,504 | — | $44,504 |
| LPL FINANCIAL CORPORATION RPCP | INVESTMENT/FINANCIAL ADVI | $27,019 | — | $27,019 |
| WITHUMSMITH+BROWN, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- LPL FINANCIAL CORPORATION RPCP — INVESTMENT/FINANCIAL ADVI
- WITHUMSMITH+BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,523
- Estimated Expense Ratio: 0.440% 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 | $71,524 | $27,020 | — | — | — |
| 2023 | $62,556 | $20,733 | — | — | — |
| 2022 | $59,464 | — | — | — | — |