Plan Snapshot
- Plan Sponsor: Seneca Foods Corporation
- Sponsor EIN: 160733425
- Sponsor Address: 350 WILLOWBROOK OFFICE PARK, FAIRPORT, NY, 14450
- Plan Type: 401(k)
- Total Participants: 2,850
- Total Assets: $258.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 2,850 | $258.1M | $2.8M | $16.3M |
| 2023 | 2,899 | $233.2M | $2.5M | $15.4M |
| 2022 | 2,907 | $218.4M | $2.1M | $13.9M |
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 | $359,585 | — | $359,585 |
| COTA STREET INVESTMENT MANAGEMENT | INVESTMENT MGMT | $359,066 | — | $359,066 |
| WORLD INVESTMENT ADVISORS LLC | INVESTMENT ADVISOR | $161,853 | — | $161,853 |
| FREED MAXICK CPAS PC | AUDITOR | $32,400 | — | $32,400 |
| FREED MAXICK P.C. | Auditor | $32,400 | — | $32,400 |
| BOND SCHOENECK & KING PLLC | ATTORNEY | $20,201 | — | $20,201 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $965,505
- Estimated Expense Ratio: 0.374% 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 | $933,105 | $520,919 | — | $32,400 | — |
| 2023 | $812,253 | $504,176 | — | $14,500 | — |
| 2022 | $797,068 | — | $797,068 | — | — |