Plan Snapshot
- Plan Sponsor: Sungrow Albion LLC
- Sponsor EIN: 923429766
- Sponsor Address: 2428 OAK ORCHARD RD, ALBION, NY, 144119036
- Plan Type: 401(k)
- Total Participants: 140
- Total Assets: $2.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 140 | $2.5M | $163,668 | $343,206 |
| 2023 | 152 | $2.0M | $153,619 | $320,472 |
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 |
|---|---|---|---|---|
| PAYCHEX, INC. | RECORDKEEPER | $20,300 | — | $20,300 |
| EQUITABLE ADVISORS, LLC | ADVISOR | $10,940 | — | $10,940 |
| 401K GENERATION | CONTRACT ADMINISTRATOR | $8,067 | — | $8,067 |
| BUFFAMANTE WHIPPLE BUFFAFARO, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — RECORDKEEPER
- BUFFAMANTE WHIPPLE BUFFAFARO, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,307
- Estimated Expense Ratio: 1.557% 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 | $40,351 | $12,004 | $27,487 | — | — |
| 2023 | $21,287 | $8,580 | $11,847 | — | — |