Plan Snapshot
- Plan Sponsor: Seedco
- Sponsor EIN: 132875743
- Sponsor Address: 311 EAST 175TH STREET, BRONX, NY, 10457
- Plan Type: DC
- Total Participants: 103
- Total Assets: $3.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 103 | $3.4M | $0 | $0 |
| 2023 | 0 | $3.3M | $73,691 | $0 |
| 2022 | 90 | $2.9M | $31,343 | $0 |
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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE CO | RECORDKEEPER | $10,873 | — | $10,873 |
| USI SECURITIES INC | BROKER/ADVISER | — | $9,197 | $9,197 |
| WITHUMSMITH BROWN, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUMSMITH BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,070
- Estimated Expense Ratio: 0.587% 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 | $15,345 | — | — | — | — |
| 2023 | $14,090 | — | — | — | — |
| 2022 | $15,422 | $12,074 | $54 | — | — |