Plan Snapshot
- Plan Sponsor: Phillips Lytle LLP
- Sponsor EIN: 160505790
- Sponsor Address: ONE CANALSIDE, BUFFALO, NY, 142032887
- Plan Type: 401(k)
- Total Participants: 246
- Total Assets: $180.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 246 | $180.7M | $4.9M | $1.4M |
| 2023 | 248 | $170.7M | $5.0M | $1.4M |
| 2022 | 258 | $162.9M | $4.6M | $1.4M |
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 |
|---|---|---|---|---|
| COURIER CAPITAL LLC | NONE | $39,888 | — | $39,888 |
| SCHWAB RETIREMENT PLAN SERVICES,INC | NONE | $27,184 | — | $27,184 |
| DOPKINS & COMPANY,LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — NONE
- DOPKINS & COMPANY,LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,072
- Estimated Expense Ratio: 0.037% 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 | $66,895 | $39,888 | — | — | — |
| 2023 | $40,550 | $27,196 | — | — | — |
| 2022 | $39,900 | — | — | — | — |