Plan Snapshot
- Plan Sponsor: Seneca Foods Corporation
- Sponsor EIN: 160733425
- Sponsor Address: 350 WILLOWBROOK OFFICE PARK, FAIRPORT, NY, 14450
- Plan Type: DB
- Plan Number: 001
- Total Participants: 1,570
- Total Assets: $293.1M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,570 | $293.1M | $0 | $0 |
| 2023 | 1,808 | $289.0M | $0 | $0 |
| 2022 | 1,975 | $294.3M | $0 | $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 |
|---|---|---|---|---|
| AON CONSULTING | Actuary | $502,422 | — | $502,422 |
| AON INVESTMENTS USA INC. | Investment Advisor | $291,310 | — | $291,310 |
| THE BANK OF NEW YORK MELLON | Custodian / Trustee | $74,927 | — | $74,927 |
| FREED MAXICK | Auditor | $16,200 | — | $16,200 |
| BOND, SCHOENECK & KING PLLC | ERISA Attorney | $11,879 | — | $11,879 |
| DATA-MATION PRINTING & GRAPHICS | Other Service Provider | $9,733 | — | $9,733 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON CONSULTING — Actuary
- BOND, SCHOENECK & KING PLLC — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $906,471
- Estimated Expense Ratio: 0.309% 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 | $1,353,599 | $291,310 | — | $16,200 | — |
| 2023 | $1,069,469 | $290,041 | — | — | — |
| 2022 | $1,114,415 | $291,532 | — | — | $381,186 |