Plan Snapshot
- Plan Sponsor: Medallion Financial Corp.
- Sponsor EIN: 112523716
- Sponsor Address: 437 MADISON AVE, NEW YORK, NY, 100227001
- Plan Type: 401(k)
- Total Participants: 166
- Total Assets: $24.2M
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 | 166 | $24.2M | $577,214 | $1.4M |
| 2023 | 165 | $19.9M | $530,446 | $1.3M |
| 2022 | 149 | $16.2M | $333,126 | $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 | RECORDKEEPER | $67,506 | — | $67,506 |
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISOR | $29,588 | — | $29,588 |
| ALLIANT INSURANCE SERVICES | INVESTMENT ADVISOR | $8,240 | — | $8,240 |
| CLIFTONLARSONALLEN, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $105,334
- Estimated Expense Ratio: 0.436% 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 | $105,334 | $105,334 | — | — | — |
| 2023 | $77,432 | $77,432 | — | — | — |
| 2022 | $82,178 | $37,959 | $44,094 | — | — |