Plan Snapshot
- Plan Sponsor: The Builders Exchange Of The Southern Tier INC.
- Sponsor EIN: 160810649
- Sponsor Address: 202 W 4TH STREET, JAMESTOWN, NY, 147014982
- Plan Type: DC
- Plan Number: 002
- Total Participants: 1,084
- Total Assets: $20.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,084 | $20.7M | $993,207 | $0 |
| 2023 | 1,069 | $19.6M | $942,641 | $0 |
| 2022 | 1,072 | $17.9M | $1.1M | $0 |
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 |
|---|---|---|---|---|
| NORTHWEST BANK | Other Service Provider | $60,101 | — | $60,101 |
| DEFINITI LLC | Other Service Provider | $27,069 | — | $27,069 |
| TRONCONI SEGARRA & ASSOCIATES LLP | Other Service Provider | $14,955 | — | $14,955 |
| LIPSITZ GEEN SCIME CAMBRIA LLP | Other Service Provider | $5,645 | — | $5,645 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $107,770
- Estimated Expense Ratio: 0.520% 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 | $152,968 | $60,101 | $27,069 | $14,955 | — |
| 2023 | $150,037 | $52,273 | $23,654 | $19,325 | — |
| 2022 | $146,521 | $51,848 | $26,757 | — | $23,016 |