Plan Snapshot
- Plan Sponsor: Sam Ash Music Corporation
- Sponsor EIN: 112313915
- Sponsor Address: 278 DUFFY AVENUE, HICKSVILLE, NY, 11801
- Plan Type: 401(k)
- Total Participants: 622
- Total Assets: $39.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2023 | 622 | $39.9M | $0 | $1.7M |
| 2022 | 664 | $35.6M | $0 | $1.7M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK RETIREMENT PLAN SRVCS | Recordkeeper | $190,904 | — | $190,904 |
| MMC SECURITES CORP | Other Service Provider | $105,318 | — | $105,318 |
| BDO USA, LLP | Auditor | $66,596 | — | $66,596 |
| COMPASS ADVISORS | Other Service Provider | $10,000 | — | $10,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SRVCS — Recordkeeper
- BDO USA, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $372,818
- Estimated Expense Ratio: 0.934% 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 |
|---|---|---|---|---|---|
| 2023 | $186,409 | $57,782 | $95,329 | $33,298 | — |
| 2022 | $163,543 | $51,500 | $97,588 | — | $14,455 |