Plan Snapshot
- Plan Sponsor: Stony Brook Business Ventures, LLC
- Sponsor EIN: 273466435
- Sponsor Address: 500 COMMACK ROAD, COMMACK, NY, 11725
- Plan Type: 401(k)
- Total Participants: 2,365
- Total Assets: $83.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 2,365 | $83.4M | $3.6M | $6.2M |
| 2023 | 1,313 | $71.9M | $3.7M | $5.6M |
| 2022 | 1,006 | $55.6M | $3.3M | $4.2M |
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 |
|---|---|---|---|---|
| CITRIN COOPERMAN & COMPANY, LLP | Auditor | $11,813 | — | $11,813 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,813
- Estimated Expense Ratio: 0.014% 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 | $156,096 | $50,000 | — | $11,813 | — |
| 2023 | $132,821 | $50,000 | — | $11,250 | — |
| 2022 | $145,835 | — | — | — | — |