Plan Snapshot
- Plan Sponsor: Private Prep Nyc LLC
- Sponsor EIN: 270701108
- Sponsor Address: 110 MAIN STREET SUITE 102, PORT WASHINGTON, NY, 11050
- Plan Type: 401(k)
- Total Participants: 101
- Total Assets: $4.8M
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 | 101 | $4.8M | $313,392 | $491,604 |
| 2023 | 96 | $4.0M | $265,294 | $581,878 |
| 2022 | 109 | $3.2M | $258,416 | $603,224 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE CO | CONTROL ADMINISTRATOR | $37,411 | — | $37,411 |
| AURORA PRIVATE WEALTH INC. | INVESTMENT ADVISORY | — | $11,704 | $11,704 |
| ALERA INVESTMENT ADVISORS, LLC | INVESTMENT ADVISORY | — | $7,467 | $7,467 |
| BDG, CPAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERA INVESTMENT ADVISORS, LLC — INVESTMENT ADVISORY
- BDG, CPAS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,582
- Estimated Expense Ratio: 1.180% 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 | $38,131 | — | $38,131 | — | — |
| 2023 | $32,340 | $32,340 | — | — | — |
| 2022 | $26,750 | — | $26,750 | — | — |