Plan Snapshot
- Plan Sponsor: Multifamily Management Services LLC
- Sponsor EIN: 203455047
- Sponsor Address: 4 EXECUTIVE BLVD, SUFFERN, NY, 109014166
- Plan Type: 401(k)
- Total Participants: 991
- Total Assets: $14.4M
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. |
|---|---|---|---|---|
| 2024 | 991 | $14.4M | $298,016 | $2.7M |
| 2023 | 1,025 | $11.4M | $310,989 | $2.6M |
| 2022 | 890 | $7.8M | $278,123 | $2.1M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINSTRATOR | $111,877 | — | $111,877 |
| BEDERSON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BEDERSON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $111,877
- Estimated Expense Ratio: 0.776% 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 | $71,112 | — | $71,112 | — | — |
| 2023 | $84,898 | — | $84,898 | — | — |
| 2022 | $65,277 | — | — | — | $65,277 |