Plan Snapshot
- Plan Sponsor: Save On Sp LLC
- Sponsor EIN: 473603390
- Sponsor Address: 40 LA RIVIERE DRIVE, BUFFALO, NY, 14202
- Plan Type: DC
- Total Participants: 210
- Total Assets: $8.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 210 | $8.9M | $1.3M | $916,512 |
| 2023 | 200 | $6.4M | $1.2M | $895,222 |
| 2022 | 204 | $3.6M | $1.2M | $698,278 |
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 LIFE INSURANCE COMPANY | RECORDKEEPER | $56,308 | — | $56,308 |
| JEFFREY L. OFFHAUS, CPA LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — RECORDKEEPER
- JEFFREY L. OFFHAUS, CPA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,308
- Estimated Expense Ratio: 0.635% 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 | $67,762 | $1,419 | $10,035 | — | — |
| 2023 | $14,969 | $7,641 | $7,328 | — | — |
| 2022 | $4,075 | — | $4,075 | — | — |