# Sungrow Albion LLC 401(k) Plan
Source: https://planprovider.pro/companies/sungrow-albion-llc-401k-plan

> Sungrow Albion LLC's 401(k) plan: 140 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/paychex) — RECORDKEEPER

- [BUFFAMANTE WHIPPLE BUFFAFARO, P.C.](https://planprovider.pro/provider/buffamante-whipple-buttafaro-pc) — 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|—|—|

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