Plan Snapshot
- Plan Sponsor: Reliance First Capital, LLC
- Sponsor EIN: 262261031
- Sponsor Address: 201 OLD COUNTRY ROADSUITE 205, MELVILLE, NY, 11747
- Plan Type: 401(k)
- Total Participants: 262
- Total Assets: $27.3M
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 | 262 | $27.3M | $0 | $1.5M |
| 2023 | 269 | $23.7M | $0 | $1.4M |
| 2022 | 282 | $19.3M | $0 | $2.0M |
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 |
|---|---|---|---|---|
| RICHEY MAY & CO. LLP | Auditor | $15,600 | — | $15,600 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RICHEY MAY & CO. LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,600
- Estimated Expense Ratio: 0.057% 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 | $133,434 | $67,239 | $10,000 | $15,600 | — |
| 2023 | $125,764 | $54,608 | $10,000 | $30,030 | — |
| 2022 | $154,467 | — | $154,467 | — | — |