Plan Snapshot
- Plan Sponsor: Sterling Equities Associates, LLC.
- Sponsor EIN: 132749022
- Sponsor Address: 111 GREAT NECK ROAD, GREAT NECK, NY, 11021
- Plan Type: 401(k)
- Total Participants: 151
- Total Assets: $42.0M
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 | 151 | $42.0M | $436,490 | $2.2M |
| 2023 | 142 | $36.4M | $406,128 | $2.0M |
| 2022 | 142 | $31.4M | $389,756 | $1.9M |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | -$15,801 | — | — | — | — |
| 2023 | -$26,394 | $7,853 | — | — | — |
| 2022 | -$6,398 | — | — | — | — |