Plan Snapshot
- Plan Sponsor: Security Mutual Life Insurance Company Of New York
- Sponsor EIN: 150442730
- Sponsor Address: 100 COURT STREET, BINGHAMTON, NY, 13902
- Plan Type: 401(k)
- Total Participants: 302
- Total Assets: $84.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 302 | $84.2M | $2.4M | $2.1M |
| 2023 | 297 | $74.8M | $2.1M | $1.9M |
| 2022 | 307 | $64.8M | $2.1M | $1.8M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | INVESTMENT ADVISOR | $76,854 | — | $76,854 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $37,752 | — | $37,752 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $7,820 | — | $7,820 |
| JOHNSON LAUDER & SAVADGE, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY LLC — INVESTMENT ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- JOHNSON LAUDER & SAVADGE, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $122,426
- Estimated Expense Ratio: 0.145% 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 | $218,464 | $7,820 | — | — | — |
| 2023 | $212,498 | $6,211 | — | — | — |
| 2022 | $177,555 | $4,358 | — | — | — |