Plan Snapshot
- Plan Sponsor: Marine Repair Services Of New York, LLC
- Sponsor EIN: 923104642
- Sponsor Address: 2265 CLEMENTS FERRY ROAD, CHARLESTON, SC, 29492
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
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. |
|---|---|---|---|---|
| 2025 | 0 | $0 | $0 | $0 |
| 2024 | 621 | $15.5M | $986,665 | $1.3M |
| 2023 | 627 | $11.4M | $799,524 | $1.1M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $38,710 | — | $38,710 |
| OSAIC WEALTH, INC | Investment Advisor | $33,068 | — | $33,068 |
| MARCUM LLP | Auditor | $25,200 | — | $25,200 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $11,242 | — | $11,242 |
| ONEDIGITAL INVESTMENT ADVISORS LLC | Investment Advisor | $9,009 | — | $9,009 |
| NOVA 401(K) ASSOCIATES | Other Service Provider | — | $6,333 | $6,333 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ONEDIGITAL INVESTMENT ADVISORS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $123,562
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 |
|---|---|---|---|---|---|
| 2025 | $37,912 | $13,068 | — | — | — |
| 2024 | $117,229 | — | $9,873 | — | — |
| 2023 | $68,176 | — | $6,171 | — | — |