Plan Snapshot
- Plan Sponsor: Quality Hearing Instruments Ll
- Sponsor EIN: 030390608
- Sponsor Address: 131 ENTERPRISE RD, JOHNSTOWN, NY, 120953326
- Plan Type: 401(k)
- Total Participants: 1,074
- Total Assets: $13.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 1,074 | $13.9M | $0 | $2.4M |
| 2023 | 994 | $10.8M | $0 | $2.0M |
| 2022 | 966 | $8.3M | $0 | $1.9M |
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 |
|---|---|---|---|---|
| BRYANS & GRAMUGLIA 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 | $58,843 | $17,609 | $41,234 | — | — |
| 2023 | $51,700 | $13,532 | $29,668 | — | — |
| 2022 | $120,161 | $11,524 | $108,637 | — | — |