Plan Snapshot
- Plan Sponsor: Pharos Systems International, INC.
- Sponsor EIN: 113645918
- Sponsor Address: 4545 EAST RIVER ROAD, WEST HENRIETTA, NY, 14586
- Plan Type: 401(k)
- Total Participants: 57
- Total Assets: $11.7M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 57 | $11.7M | $84,225 | $486,046 |
| 2023 | 53 | $11.6M | $84,660 | $534,918 |
| 2022 | 59 | $11.0M | $92,948 | $670,391 |
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 |
|---|---|---|---|---|
| COMMONWEALTH FINANCIAL NETWORK | ADVISOR | $17,652 | — | $17,652 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $14,666 | — | $14,666 |
| INSERO & CO. CPAS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- INSERO & CO. CPAS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,318
- Estimated Expense Ratio: 0.276% 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 | $32,318 | $17,652 | — | — | — |
| 2023 | $25,710 | $16,664 | — | — | — |
| 2022 | $19,851 | — | — | — | — |