Plan Snapshot
- Plan Sponsor: Neighborhood Health Center Of Wny, INC.
- Sponsor EIN: 161294447
- Sponsor Address: 155 LAWN AVENUE, BUFFALO, NY, 142071618
- Plan Type: 401(k)
- Total Participants: 376
- Total Assets: $11.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 376 | $11.7M | $314,303 | $1.5M |
| 2023 | 354 | $9.5M | $258,743 | $1.3M |
| 2022 | 348 | $7.9M | $236,089 | $1.2M |
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 |
|---|---|---|---|---|
| CAMBRIDGE INVESTMENT RESEARCH ADVIS | INVESTMENT ADVISORY | $32,499 | $11 | $32,510 |
| PRINCIPAL LIFE INSURANCE COMPANY | RECORDKEEPER | $31,414 | — | $31,414 |
| SECURITY ADMINISTRATORS INC. | CONTRACT ADMINISTRATOR | $12,920 | $4,138 | $17,058 |
| JEFFREY L. OFFHAUS CPA, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JEFFREY L. OFFHAUS CPA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,982
- Estimated Expense Ratio: 0.689% 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 | $76,838 | $32,504 | $12,920 | — | — |
| 2023 | $60,143 | $28,779 | $5,718 | — | — |
| 2022 | $44,776 | $25,320 | $19,456 | — | — |