Plan Snapshot
- Plan Sponsor: New Horizon Counseling Center
- Sponsor EIN: 112593090
- Sponsor Address: 108-19 ROCKAWAY BOULEVARD, OZONE PARK, NY, 11420
- Plan Type: 401(k)
- Total Participants: 335
- Total Assets: $27.9M
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 | 335 | $27.9M | $4.1M | $1.0M |
| 2023 | 274 | $21.8M | $2.0M | $861,597 |
| 2022 | 274 | $17.5M | $4.7M | $816,034 |
| 2021 | 432 | $15.1M | $0 | $0 |
| 2020 | 281 | $11.2M | $0 | $0 |
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 |
|---|---|---|---|---|
| PRAGER METIS CPAS LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $121,045 | — | — | — | — |
| 2023 | $85,719 | — | $85,719 | — | — |
| 2022 | $57,542 | $57,542 | — | — | — |
| 2021 | $63,595 | $63,595 | — | — | — |
| 2020 | $41,067 | — | — | — | — |