Plan Snapshot
- Plan Sponsor: Regional Economic Community Action Program, INC.
- Sponsor EIN: 141493667
- Sponsor Address: 40 SMITH STREET, MIDDLETOWN, NY, 10940
- Plan Type: 401(k)
- Total Participants: 129
- Total Assets: $2.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 129 | $2.0M | $0 | $172,496 |
| 2023 | 104 | $1.6M | $0 | $171,825 |
| 2022 | 106 | $1.2M | $0 | $146,386 |
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 |
|---|---|---|---|---|
| FOCUSED WEALTH MANAGEMENT. | NONE | $8,540 | — | $8,540 |
| THE VANGUARD GROUP, INC. | NONE | $6,603 | — | $6,603 |
| PKF O'CONNOR DAVIES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — NONE
- PKF O'CONNOR DAVIES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,143
- Estimated Expense Ratio: 0.772% 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 | $15,143 | $8,540 | $6,603 | — | — |
| 2023 | $17,892 | $6,597 | $11,295 | — | — |
| 2022 | $7,244 | $5,820 | $1,424 | — | — |