Plan Snapshot
- Plan Sponsor: Prime Group Holdings, LLC
- Sponsor EIN: 463002962
- Sponsor Address: 85 RAILROAD PL., SARATOGA SPRINGS, NY, 12866
- Plan Type: 401(k)
- Total Participants: 604
- Total Assets: $9.9M
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 | 604 | $9.9M | $739,380 | $1.4M |
| 2023 | 541 | $6.9M | $668,133 | $1.2M |
| 2022 | 377 | $4.5M | $515,818 | $987,570 |
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 |
|---|---|---|---|---|
| TOMPKINS FINANCIAL ADVISORS | Other Service Provider | $34,844 | — | $34,844 |
| EPIC RETIREMENT PLAN SERVICES | Recordkeeper | $24,762 | — | $24,762 |
| IRON FIDUCIARY | Investment Advisor | $9,075 | — | $9,075 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EPIC RETIREMENT PLAN SERVICES — Recordkeeper
- IRON FIDUCIARY — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,681
- Estimated Expense Ratio: 0.693% 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 | $70,548 | $45,786 | — | — | — |
| 2023 | $43,624 | $43,624 | — | — | — |
| 2022 | $42,459 | $42,459 | — | — | — |