Plan Snapshot
- Plan Sponsor: Rochester Midland Corporation
- Sponsor EIN: 160612150
- Sponsor Address: 155 PARAGON DRIVE, ROCHESTER, NY, 14624
- Plan Type: 401(k)
- Total Participants: 281
- Total Assets: $28.4M
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 | 281 | $28.4M | $96,848 | $1.8M |
| 2023 | 322 | $30.9M | $107,076 | $1.7M |
| 2022 | 305 | $23.8M | $101,985 | $1.6M |
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 |
|---|---|---|---|---|
| STIFEL NICOLAUS | INVESTMENT/FINANCIAL ADVI | $25,017 | — | $25,017 |
| ADP, INC. | RECORD KEEPER | $14,610 | — | $14,610 |
| DAVIE KAPLAN CPA P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STIFEL NICOLAUS — INVESTMENT/FINANCIAL ADVI
- ADP, INC. — RECORD KEEPER
- DAVIE KAPLAN CPA P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,627
- Estimated Expense Ratio: 0.140% 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 | $39,627 | $25,017 | — | — | — |
| 2023 | $35,216 | $25,000 | — | — | — |
| 2022 | $32,057 | — | — | — | — |