# Security Mutual Life Insurance Company Of New York 401(k) Plan
Source: https://planprovider.pro/companies/security-mutual-life-insurance-company-of-new-york-401k-plan

> Security Mutual Life Insurance Company Of New York's 401(k) plan: 302 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/morgan-stanley) — INVESTMENT ADVISOR

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [JOHNSON LAUDER & SAVADGE, LLP](https://planprovider.pro/provider/johnson-lauder-and-savidge-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|—|—|—|

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