Plan Snapshot
- Plan Sponsor: Re Hansen Ind., INC Dba Islandaire
- Sponsor EIN: 261709702
- Sponsor Address: 500 MIDDLE COUNTRY ROAD, ST. JAMES, NY, 11780
- Plan Type: 401(k)
- Total Participants: 150
- Total Assets: $11.6M
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 | 150 | $11.6M | $148,583 | $579,511 |
| 2023 | 141 | $10.4M | $144,521 | $582,632 |
| 2022 | 152 | $8.6M | $132,264 | $557,136 |
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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE CO | RECORD KEEPER | $37,589 | — | $37,589 |
| LINCOLN INVESTMENT PLANNING INC | BROKER/ADVISE R | — | $16,506 | $16,506 |
| DAVID R DORFMAN & ASSOCIATES LLC | COTRACT ADMIN | — | $9,991 | $9,991 |
| SAMUEL GOLDSTEIN & CO PC | AUDITOR | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,086
- Estimated Expense Ratio: 0.552% 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 | $44,183 | — | — | — | — |
| 2023 | $47,045 | — | — | — | — |
| 2022 | $47,691 | — | — | — | — |