Plan Snapshot
- Plan Sponsor: Mental Health America Of Dutchess County, INC
- Sponsor EIN: 141402059
- Sponsor Address: 253 MANSION STREET, POUGHKEEPSIE, NY, 126012623
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 267
- Total Assets: $9.0M
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. |
|---|---|---|---|---|
| 2025 | 267 | $9.0M | $0 | $0 |
| 2024 | 232 | $7.6M | $685,618 | $482,159 |
| 2023 | 226 | $6.4M | $677,846 | $431,596 |
| 2022 | 242 | $5.2M | $593,166 | $341,226 |
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 | $50,376 | — | $50,376 |
| OSAIC INSTITUTIONS, INC. | Other Service Provider | — | $12,502 | $12,502 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $9,712 | $6 | $9,718 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,596
- Estimated Expense Ratio: 0.805% 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 |
|---|---|---|---|---|---|
| 2025 | $920,980 | $4,856 | $50,376 | — | — |
| 2024 | $68,290 | — | $68,290 | — | — |
| 2023 | $55,201 | — | $55,201 | — | — |
| 2022 | $49,637 | — | $49,637 | — | — |